Technical Analysis –
$SOL (Solana) 🔥
Solana recently broke the $200 barrier, showing strength and consolidating a technical pattern that favors new buy entries.
🔍 Relevant Technical Points:
Current price
$SOL : $200.67
Immediate support: $193.80 – recently tested intraday low
Wider support zone: $180–184 – historical resistance area that turned into support after breakout
First resistance: between $204–205 – intraday high (show of volatility)
Additional resistance: $220 – near target if there is confirmation of a rise with volume
21-period moving average (1D): below the price, acting as dynamic support
Daily RSI: in neutral/slightly overbought zone – ~55–60, with room for appreciation
Volume: is steady, validating the breakout above $200
🟩 Recommended Entry Range: $197–200
🎯 Target 1 (short term): $220 – next important resistance
🎯 Target 2 (medium term): $250 – initial breakout projections
⛔ Suggested Stop Loss: $193 – below the intraday low, keeping risk controlled (~–3%)
📊 Recommended Strategy:
Staggered entry in the range between $197–200 to optimize the average price.
Partial exit at $220, moving stop to breakeven.
If there is confirmation of breakout with volume above $220, keep part of the position until $250.
Risk management: stop below $193 offers a minimum initial risk-return ratio of 1:2.
🚀 Scenario Summary:
The sustainable breakout above $200 with volume indicates a possible start of a new bullish leg. The $180–184 region has already acted as strong support and may now serve as a base for future pullbacks. The main focus is on the strength of the volume and the performance of bitcoin and other large-cap crypto-assets.
💬 Question for the community:
Are you positioned in
$SOL ? What will be your main target? Share your view! 👇
SOL
191.56
-3.87%
#solana