๐ #Solana (SOL) Technical Analysis โ Breakout Incoming? ๐
For everyone asking for a SOL update โ hereโs the breakdown:
โ SOL just bounced off the 34EMA and held strong at the $174.36 support
โ It formed a 4H candle above $177.84, breaking local resistance ๐ช
Now eyes are on $183.84 โ a key level where SOL has already been rejected twice.
๐ Third test incoming, and historically, the 3rd time often leads to breakout!
๐ฏ If SOL breaks above $183.84, the next major target is $200 โ and possibly higher.
๐ Bearish scenario? If rejected again at $183.84, SOL could dump hard โ
But honestly, this looks less likely for now.
๐ก Confirmation tip:
Wait for a solid 1H or 4H candle close above $183.84 before entering a long position.
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