SOLANA (SOL/USD):
As noted in previous articles, I was eager to see how Solana would respond to this former resistance area, which aligned with its previous all-time highs (ATHs) around $260.00.
A closer look at the technicals reveals a clear rejection of the previous resistance area, with price now appearing to seek support around $210.00, a level that aligns with earlier internal resistance zones. This also corresponds with the rebalancing level on the Fibonacci tool.