$SOL Charging Up—Breakout Momentum Building Near Key Resistance
$SOL is trading at $118.06 after a solid climb, now approaching a crucial resistance level. Buyers have maintained control throughout the session, and the setup hints at a potential continuation if $119 breaks.
Key Levels to Watch
Resistance: $119.00 – A clean breakout may lead to a rally toward $121.50 and $124.00
Support: $117.10 – A breakdown below this level could drag price back to $115.80 and $114.00
Trade Setup – Bullish Continuation or Exhaustion?
Bullish Scenario:
Entry: Break and hold above $119.00
Targets:
• TP1: $121.50
• TP2: $124.00
Stop-Loss: $116.90
Bearish Scenario:
Entry: Drop below $117.10
Targets:
• TP1: $115.80
• TP2: $114.00
Stop-Loss: $119.10
