Summary
TLDR: Solana (SOL) price is approaching the golden ratio resistance at $170, with potential to start a new bullish cycle and reach its all-time high of $260. The MACD and RSI indicators show bullish signals on monthly and weekly charts, but some bearish signals on daily and 4-hour charts. Against Bitcoin, Solana finds strong support at 0.382 Fib level. Always do your own research and consult with a professional before making financial decisions.
Key Points
1. The Solana (SOL) price is approaching the golden ratio resistance at $170, with a potential 10.6% gap to bridge for a new bullish cycle.
2. The Moving Average Convergence Divergence (MACD) histogram on the monthly chart indicates an upward trend, with bullish signals and no signs of bearish divergence.
3. Solana’s price against Bitcoin continues to find strong Fibonacci support at the 0.382 Fib level, with potential targets at the golden ratio around 0.003 BTC.