Update $SOL

Based on today’s Solana (SOL) movement, currently trading at $197.85 with a daily range of $224.29 - $197.48, the following can be observed:

1. General trend: There is clear selling pressure after the price reached $224, which led to a decline in the price.

2. Support level: The closest support currently is $197, and if it is broken, we may see a decline towards $190.

3. Resistance level: The strong resistance today was $224, and if the buying momentum returns, we may see an attempt to test this level again.

4. Technical indicators:

If the price holds above $195, it may reverse the trend to the upside.

However, if this level is broken, there may be further correction towards $185-190.

Conclusion:

If positive volume increases, we may see a bounce and test of $210-220.

If selling pressure continues, we may see a test of $190 intraday.

A drop to $170 today seems unlikely unless there is a strong and sudden decline in the crypto market in general.

Are you following Solana for short-term trading or long-term investment?

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