$SOL
☀️ SOL has just stabilized at the 20-day moving average of 143, indicating that the bulls are still in the game, and the sentiment of buying on dips is quite obvious!
📈 Bullish Scenario:
The bullish target is very clear: to challenge the resistance level of $153 again!
Once it breaks through and stabilizes, SOL could potentially surge directly to $180!
By that time, the wide fluctuation zone between $110 and $260 will be officially opened, and big volatility is coming!
🐻 Bearish Scenario:
If the bears don’t want to be sent back home, they need to quickly push the price back below the 20-day moving average;
If successful, the price could very likely drop to around the 50-day moving average of $133;
In this case, SOL could likely enter a consolidation mode between $110 and $153, leading to a tedious sideways movement.
🎯 Operational Strategy in a Visual Flow:
If it breaks above $153, the bulls enter with a bullish target of $180, or even higher.
If it falls below $143, the bears will strike, with the first target being $133, and then $110.