SOL

SOL's recent performance might seem lackluster, but it's actually setting the stage for a significant surge. The sharp drop on December 9th caused market panic, but a closer look shows that the decline halted right at the upper edges of two channels (purple and green on the chart) plus a support zone ahead. When viewed over a longer period, this dip appears as a normal pullback on the three-day chart, roughly between the Fibonacci levels of 0.5-0.618. This downturn also formed a potential descending wedge (yellow wedge on the chart), a typical reversal pattern. After a successful breakout, the target price would be approximately equal to the height of the wedge (pink line on the chart). Further analysis indicates that the breakout target from the large channel aligns with the Fibonacci level of 1.414, which also matches the pullback target from 0.5. Given these observations, SOL has significant upward potential in the near term. Here are some reference points:

• Entry: 210
• Take Profit: 310-325
• Stop Loss: 199.9
• Risk/Reward Ratio: 9.9

SUI

SUI can be considered one of the biggest winners in this bull run, with a 380% increase over the last six months and over 600% in the past year. Yesterday, SUI hit a new all-time high of $4.88.

From a technical analysis perspective, on the eight-hour chart, we observe that this rise completed the target price after breaking out from a prior triangle (yellow triangle on the chart). The halt of the December 9th decline was at Fibonacci 0.236, which also coincided with the triangle's trendline, suggesting a normal pullback. As expected, the price rose to Fibonacci 1.272, aligning with the target price (pink line on the chart).

This decline also formed a potential descending wedge (blue wedge on the chart), and after breaking out, the price slightly dipped. If it successfully retraces to around Fibonacci 0.5, approximately $4.1, the price could rise to Fibonacci 1.414, around $5.5, which also matches the wedge's target price (green line on the chart). Here are some key price points to watch:

• Entry: 4.1
• Take Profit: 5.5
• Stop Loss: 3.9-3.95
• Risk/Reward Ratio: 7-9.33

WLD

After nearly half a month of gains, WLD experienced a downturn with the broader market on December 9. The decline stopped around Fibonacci 0.382, very close to the upper trendline of a triangle (yellow line on the chart), indicating a normal pullback.

Using the height of the triangle to estimate the target price after a breakout (blue line on the chart), it would coincide with Fibonacci 1.272, which aligns with the target from a 0.382 retracement. Here are some potential entry points to consider:

• Entry: 2.9-2.95
• Take Profit: 2.84
• Stop Loss: 4.9-4.92
• Risk/Reward Ratio: 17.7

NEAR

NEAR's price action is similar to WLD, with the recent decline seen as a normal pullback to around Fibonacci 0.5, which also aligns with a previous high point and is very close to the triangle's trendline.

Using the triangle's height to estimate the target price post-breakout (green line on the chart), it would match with Fibonacci 1.414, consistent with the 0.5 retracement target. Here are some potential entry points:

• Entry: 6.4-6.5
• Take Profit: 10
• Stop Loss: 5.8-6.1
• Risk/Reward Ratio: 5-8.72

Disclaimer: None of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy.