Technical analysis by DeGRAM about Symbol SOL: Buy recommendation (19 hour ago)

DeGRAM

📊 Technical Analysis ● After reclaiming the mid-June swing cap 185 (now support) price accelerated along a steep parabolic fan; the move completed a 1:1 extension of the early-July flag yet leaves room to the channel crest near 220. ● Structure shows successive closes above the March–July internal resistance line; momentum pull-backs are respecting the fan base at 190, indicating healthy trend continuation toward the next fib / rail confluence at 219-222. 💡 Fundamental Analysis ● FXStreet notes Solana’s daily active addresses just hit a 12-month high, while CoinShares reports a fourth straight week of SOL-focused ETP inflows—evidence of strengthening network use and institutional demand. ✨ Summary Buy 190-195; hold above 185 eyes 205 ▶ 220. Long thesis void on a 16 h close below 175. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!