Alright, let's break down this $SOL chart.
Looking pretty bullish on the hourly here.
We've seen a solid move up after bouncing off what looks like strong support around the 170-175 area earlier.
The candles are consistently closing higher, and those green candles are looking strong with a good body.
Volume seems to be picking up on these pushes too, which is a good sign of conviction.
We just pushed past 200 and are currently hovering around 203.67. The 204.99 high from earlier is the immediate resistance to watch. A clear break above that with conviction would open the doors for further upside.
If it gets rejected here, we could see a retest of the 200 psychological level, or even the previous resistance now turned support around 195-196.
But for now, the momentum is clearly to the upside. Keep an eye on that volume and how it reacts at 204.99.
Could be a good spot to trim if you're long, or look for a re-entry on a confirmed breakout or a healthy retest of support.