Solana retained its bullish bias despite the drop below $107.9.
This dip shifted the market structure but buying pressure remained dominant.
Solana [SOL] has been on a remarkable run since late September. After breaking past the $80 resistance zone on 20th December, the bulls wasted no time in driving SOL past $100. It reached $126 on 25th December.
Its YTD return was over 120%, as this time last year SOL was weighed down after the FTX collapse. Its on-chain activity was powerful, and AMBCrypto noted that the network growth reached a monthly peak in December.
The fair value gap drew SOL prices lower
Source: SOL/USDT on TradingView
On 23rd December, Solana prices surged higher from $95.28 to $110. This movement northward continued over the next couple of days, leaving SOL no time to fill the fair value gap it left on the 12-hour chart. This gap reached from $98.22 to $107.3.
The 50% level of this gap sat at $102.76 and is a technical target for the current dip that SOL is on. Lower th
We współpracy z: https://ambcrypto.com/solana-prices-continue-to-drop-after-christmas-new-year-predictions/
