Potential Future Movement: Up or Down?
News- If $SOL 🔻0.70%-> manages to break through the resistance around the $200 and $202 levels, there is potential for the price to return towards the $210 level and even higher towards $220. However, to achieve this, the market needs to show stronger bullish momentum, especially with the help of increasing buying volume.
Conversely, if Solana fails to overcome the $200 resistance, then the price is likely to fall back towards the nearest support level around $194. If the price continues to weaken and breaks through the $188 level, then the next target for the decline will be the $180 level. Further decline below $180 could take Solana price to the $175 range in the near term