SOL 4H - Ascending Channel, Potential Pivot to $210 & Breakout

SOL has been respecting an ascending channel for some time. Fibonacci zones and the parallel channel show SOL respecting some demand zones. It appears SOL may be gearing up toward a new ATH.

Stronger support remains around $157.

I would not be surprised to see SOL pump with BTC & ETH towards $210, retest the $200 zone, and then break out into new all-time highs toward $270.

Fundamentals remain bullish in my view. SOL has increasingly strong utility in crypto this bull run, some may anticipate a future SOL ETF approval, other leading coins are showing bullish possibilities of growth this year, and North American economies may eventually be pressured into implementing rate cuts to avoid recessionary risks.

Let me know what you think!