SOLUSD - $134 key levelSOL / US DollarBINANCE:SOLUSDRed54 Based on a trend based fib extension placed early 2023, late 2022: Solana has found fierce resistance at it's 2.618- roughly around the previous cycle's all time high. After a second attempt to continue upward, we have had a fierce rejection back down towards $130. As you can see, $134 has acted as a major support and resistance level dating back to 2021, and it has found solid footing at this price. In fact, it has traded between $134 and $167 - the 1.618 level based on a trend based fib extension placed on the daily candle where it reached it's new ATH - consistently since May 2024. What I find promising is that we have major confluence at exactly $134 and so far between these two and other fibs and SOL has shown really good strength at this price. If $134 holds, we should see continuation. If it breaks, I expect ~105-108 (weak support), falling further to ~$90 (much stronger support than $108). Keep in mind, we COULD see SOL re-test it's diagonal support line and remain in a bullish structure, but the bear case would be much stronger if we reach that point.