$SOL
Here’s an update on Solana (SOL
---
📉 Market Snapshot
Approx. Price: ~$148 (down ~2–3% in last 24h; ~7–10% off recent highs around $160–$176)
Daily Range: ~$146.5 – $149.1
52-Week High/Low: ~$295 / $95.5
🔍 Technical Levels & Trade Triggers
Zone / Setup / Notes
Support: $144–$147 Buy-the-dip / scale-in Anchored by daily consolidation & fib level
Resistance: $153.65–$155 Breakout zone MACD bullish divergence; cup‑and‑handle potential
Next breakout > $155 Momentum-entry Aim for $180 → $200+
Stop-loss Below $144 Invalidates daily structure
Downside risk < $140 Could retest $135–$130 if macro cracks
🧠 On‑Chain & Whale Activity
Heavy accumulation by whales around $141–$151; one whale scooped ~$50M SOL at ~$141
Institutional signal: Net spot flows positive (~$207M net inflow), with funding rates now favoring longs—hinting at bull positioning
Whale accumulation supports expectation of breakout near $180–$200
📈 Chart Patterns & Indicators
Cup‑and‑handle forming—traditional bullish breakout pattern
MACD divergence and rising on‑chain flows support strength
TipRanks / Investing signal mixed-to-bearish in short term: RSI ~40, MACD negative—but moving averages lean bear
---
🎯 Trade Strategy
1. Scale in between $146–$148 with tight risk—contrast on bounce signals (e.g., wick bounces, MACD support).
2. Add larger position on move above $155–$156 with volume—this opens a tradable path toward $180, then $200+.
3. Protect capital: stop-loss under $144, and tighten or exit if price drops beneath $140.
4. Manage breakout: trail stops on multi-day hold above $155; partial profits at each key resistance (180/200).
🧭 Quick Take
SOL is in a coiling setup, supported by strong whale accumulation and infused on‑chain flows. The upside narrative hinges on holding $146–$148, with a breakout above $155–$160 unlocking bullish targets to $180–$200. Keep an eye on volume and macro backdrop for confirmation.
FOLLOW me .