$SOL is Moving forward to reach 200 the structure shows the it was arranging steps one by one and it Prices very quickly
📊Immediate Resistance Levels:
*$180-$190*: A critical resistance zone; a decisive daily close above $190 with strong volume could propel SOL toward higher targets
*$200-$230*: Subsequent resistance levels if the $190 barrier is surpassed Venfied Investing
Support Levels:
*$150-$160*: Key support range; a drop below this could lead to further declines
*$140-$145*: Additional support zone; breaching this may expose SOL to the $115 level.
Price Predictions for 2025
Average Annual Price: Analysts anticipate SOL to average around $232.76 in 2025, trading between $156.36 and $339.29
🐂Bullish Scenario: If SOL breaks above the $190 resistance, it could target $220-$230, with potential to reach previous highs around *$260*
🐻Bearish Scenario: Failure to maintain above $145 may lead to a decline toward $115
Technical Indicators
Relative Strength Index (RSI): Currently at 55, indicating neutral momentum with room for upward movement before entering overbought territory,
Moving Averages:
50-day MA: Neutral trend; price trading above this supports a bullish outlook.
200-day MA: Bullish trend; a close below this could signal a deeper correction Cointribune Binance
Summary
📈 Bullish Outlook:
A breakout above the $190 resistance could lead to significant gains, targeting $220-$230 in the near term.
📉Bearish Risks:
Failure to hold support levels at $145 and $150 may result in a decline toward $115.
Given the current market dynamics, monitoring these key support and resistance levels is crucial for anticipating SOL's next move.