Technical analysis by muratozdilmac about Symbol SOL: Buy recommendation (11/8/2024)

It looks like it will try its luck again at 260, which it tried in 2021. Although its falling line seems strange, the fact that it is approaching the point it reached in November exactly 3 years ago, trying to break a big big falling line and the compression of the ascending triangle makes us think that the upward trend will continue. In a reverse situation, the places where it will find support are very obvious. The fact that the support - resistance figures in the drawing coincide as 120-220 160-260 also caught my attention. In short, I think that the journey to 260 will continue by hitting the alt line of the ascending triangle.