From the perspective of technical analysis at the daily level, the current SOL price has not yet confirmed an effective breakthrough of the key resistance zone. This level can serve as a reference point for reducing positions or taking profits in the short term.
If the subsequent daily closing price can firmly stay above the key resistance level, based on Fibonacci extension and pattern measurement targets, the next upward target for SOL may point to the key psychological level around 220 dollars.
It is essential to pay close attention to the volume-price relationship and the effectiveness of the moving average system as confirmation of the sustainability of the breakthrough.
