Technical analysis by novamatic about Symbol SOL: Buy recommendation (12/28/2024)

This idea is to share general timelines and possible levels for SOLUSD. So far, SOL is traing Fibs, perfectly. You can see we extended to previous highs and pulled back to the 50% and 61.8% retrace, perfectly pinning the 61.8 in August of 2024 with a strong wick. From there, we went to previous ATH and we are now above that previous base, giving us a very bullish outlook.Generally, these are the timeline and levels I'm seeing:August 2025 making a high around $425 levelNovember 2025 pullback to $320 levelApril-May-June 2026 top around $680 levelDecember 2026 bottom around $330 levelThese levels are based on Fibonacci and trendlines. We'll see how they go!