$SOL at a Key Turning Point – Bounce or Breakdown?
$SOL is trading at $213.64, pulling back after facing rejection near $219. Price is now consolidating around short-term support, with bulls and bears battling for momentum. The next move could define short-term direction.
Key Levels to Watch
• Resistance: $216.00 – A breakout above this level could revive bullish momentum, opening the way toward $218.00 and $220.00.
• Support: $212.00 – Failure to hold this level may pressure price lower, exposing $210.00 and $207.00 as downside targets.
Trade Setup – Potential Scenarios
Bullish Entry:
Breakout above $216.00 could target:
• TP1: $218.00
• TP2: $220.00
Bearish Entry:
Breakdown below $212.00 could target:
• TP1: $210.00
• TP2: $207.00
Final Note
SOL is at a short-term decision zone. Bulls need to reclaim $216 for momentum to turn upward, while bears will aim to push price below $212 for continued downside pressure. Confirmation will be key for the next move.