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Technical analysis by BiggyBalls about Symbol SOL: Buy recommendation (11/7/2023)

https://sahmeto.com/message/552011
BiggyBalls
BiggyBalls
Rank: 3028
2.1
Buy،Technical،BiggyBalls

Fundamentals: Firedancer validator node upgrade expected around Q2 of 2024, pushing TPS over 1.2m+ for a single cpu core. Technical: Parallel channel on Log Scale showing strong support line. With similar timeline of 21 bull run, we get a target of 4380, slightly above the 1.618 Fib Extension with a blow off top.Might see corrective dip here from $65 to 30/40 levels. A dip, not a reversal of wider trend.

Translated from: English
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Signal Type: Buy
Time Frame:
1 day
Price at Publish Time:
$41.9
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