SOL showed no strong signs of exhaustion on the higher timeframe charts
There were attractive pockets of liquidity around the $100 mark that Solana could retest
Solana [SOL] continued to rally during the festive season, giving holders an additional reason to celebrate. Measured from the low on the 19th of December at $71.78, SOL has gained just over 57% in under six days.
AMBCrypto noted in an earlier analysis that the $96.45 resistance would be a good place to book profits, and that $103-$106 could serve as resistance.
SOL bulls have blown these expectations out of the water in the past week by driving a rally to $115.
The psychological $100 could be important again
Source: SOL/USDT on TradingView
The 200% Fibonacci extension level was tested as resistance in the past 24 hours. It was unclear if SOL would be forced to pull back from here.
The RSI on the 12-hour chart is at 81 but has not formed a bearish divergence on the 12-hour or one-day timeframes yet.
On the other hand, the 4-h
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