Technical analysis by JSAL about Symbol SOL: Buy recommendation (4/11/2025)
JSAL

SOL has been on rollercoaster ride the past few months -- going from 100 to almost 300 in a zoom when the market is at its peak. Moreso, when memes started taking over the market and everyone, including the president himself is launching one on SOL blockchain, market started pickup up pace and eliciting euphoria among all, albeit momentarily. It has stirred up some hype and frenzy skyrocketing prices only to be met with so much saturation and gravity, then the BIG BLEED happens.After a few weeks thing seem to have settled down -- a shift is gradually transpiring as we speak. SOL is now exhibiting some basing behavior at this current range at 100 levels. Net longs has started to pile up around this zone conveying a prep work of upside reversal soon.Long term metrics suggests a tap at 61.8 FIB levels - a buyers convergence zone. This is where it all starts.Ideal seeding is at the current discounted price range.Spotted at 110Mid target 300.Long term 500.TAYOR. Trade safely.Update we are up almost 70% since our last post.Well done holders.Things are look up for SOL. the 300 narrative journey is in tact.