SOLANA Is a 1D MA50 pull-back needed for a $310 rally?

Solana (SOLUSD) has been trading within a Channel Up since the June 22 Low, which goes even further back on a Fibonacci Channel Up started on the April 07 market bottom.

The price is pulling back at the moment, having completed a +63.22% Bullish Leg, same as the previous one that then pulled back to its 1D MA50 (blue trend-line) and 0.5 Fibonacci retracement level before starting the next Bullish Leg.

As a result, we expect the current correction so seek validation on the 1D MA50 at least and then rebound for a medium-term +63.22% rally, targeting $310 at least.

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