The Long Investor
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$SOLUSD
🕑 Added 2025-04-18 12:35:30 +0000 UTC$SOL has not quite pulled back as low as $ETH and it is still above its 200 WMA and 0.618 Fib but it has been a strong pull back over a short period of time
Dropping from $294 to $94 since the middle of Jan.
Holding above the 200 WMA and the 0.618 Fib is a good sign that the pull back is complete, as these are very common and standard pull back support levels.
I think if the bulls can recapture the blue support line at $143 then there will be strong signals that a reversal is on here....as with $ETH, there are signs that the bleeding has stopped and support is waiting to be confirmed.
Comments
Gareth Neary
This is the weekly chart so it’s difficult to see
Chris H
I don’t see 3 waves down though?
Magopool
Thank you ! ABC to be produced before new impulse ?
