Solana's price action in December proved a lot of skeptics wrong. While traders were betting on much lower prices, the 0.786 logarithmic Fibonacci level stepped up as a solid support zone—and it held throughout the month. That's the thing about technical levels: they matter more than most realize until they suddenly do.
Now SOL is trading back toward the horizontal resistance that's been capping the recent rally. The key takeaway? Understanding your levels isn't just chart decoration—it's the difference between anticipating market moves and getting caught off guard. Solana's setup right now will depend on whether this resistance breaks or holds.
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Token_Sherpa
· 8h ago
ngl the 0.786 fib hold was textbook stuff but watching retail still get shocked by it never gets old... levels exist whether you believe in them or not lol
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ChainDoctor
· 8h ago
Fibonacci comes to the rescue, and the bears get slapped in the face again.
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CountdownToBroke
· 8h ago
Fibonacci has saved the day again; technical levels are really the borderline between mysticism and science.
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RektHunter
· 9h ago
The shorts are dead again, beaten by Fibonacci reversal. That's why I never short Solana.
Solana's price action in December proved a lot of skeptics wrong. While traders were betting on much lower prices, the 0.786 logarithmic Fibonacci level stepped up as a solid support zone—and it held throughout the month. That's the thing about technical levels: they matter more than most realize until they suddenly do.
Now SOL is trading back toward the horizontal resistance that's been capping the recent rally. The key takeaway? Understanding your levels isn't just chart decoration—it's the difference between anticipating market moves and getting caught off guard. Solana's setup right now will depend on whether this resistance breaks or holds.