$SOL USDT – Bullish Breakout in Progress | Targeting New All-Time Highs
After consolidating for several weeks beneath the key $150–$160 resistance zone, Solana has just broken out with massive volume and closed strongly above the previous ATH area (~$160). The breakout is confirmed by the daily candle close and expanding volume, signaling strong bullish conviction. Momentum indicators (RSI resetting above 70, MACD bullish crossover) and the overall crypto market strength support continuation higher.
Trade Setup (Spot/Long):
- Entry range: $158 – $165 (current price or dip to breakout retest)
- Target 1: $185 (quick +15%)
- Target 2: $210–$215 (previous swing high + Fib extension)
- Target 3: $250–$260 (psychological + 1.618 Fib extension)
- Stop Loss (SL): $148 (below breakout level and 200 EMA daily)
Risk-Reward: ~1 : 4+ at final target
Short Outlook:
Solana is now in full price-discovery mode after flipping the previous all-time high into support. As long as Bitcoin remains above $68K–$70K and the broader market stays risk-on,
$SOL has clear air to $250+ in the coming weeks. Any retest of $150–$160 should be viewed as a strong buying opportunity. Invalidation only below $135 (very low probability at this stage).
LFG 🚀
#SOLANA #Crypto #BullishBreakout