#SwingTradingStrategy Here’s the latest update on Solana (SOL) trading on Binance:

🧭 Price & Market Snapshot

Current price: ~$145.27, down about 0.28% intraday

24‑hour range: $142.99 – $147.36

Volume: Roughly $2.5–3 billion in the last day

Market cap & supply: Circulating ~528 million SOL, market cap ~ $76–77 billion

🔍 Technical Outlook (via Binance Square & Community Analysis)

Short-term bias: SOL is trading within the $143.8–$147.2 range. A break above $147.2 might drive it toward $150+, while a drop below $143.8 could retest $140–$140.5.

Key technical indicators:

MACD shows still‑bullish momentum.

RSI is near 36–40, indicating potential oversold conditions and possible bounce.

Price remains below short‑term EMAs (7, 25, 99), hinting at lingering bearish pressure.

Support zones: Near $143.6 and $140 (maybe lower).

Resistance zones: $147–148, then $150+.

Example short‑term trade plan (from June 19):

Short at $146–147 aiming for $143.65 → $140, with stop-loss ~149.4.

Long on bounce at $143.7–144 targeting $146 → $148.8, stop-loss ~142.9.

🔔 On-Chain & Sentiment Trends

Volume spiked +92% over the past 24 h amid an 8% rally last week, driven partly by Solana ETF enthusiasm and derivatives positioning.

Short positions concentrated in the $146–170 range; a breakout above ~$147–148 could trigger a short squeeze, pushing price rapidly toward $160+.

NFT and DeFi activity continues supporting ecosystem fundamentals, though the meme‑coin frenzy has cooled off.

🧩 Summary: What to Watch

1. **$147.2–148 breakout** → potential move to $150–160+

2. **$143.8–143.6 breakdown** → possible retest of $140 or lower

3. Short squeeze risk above $147–148 due to heavy short interest

4. Ecosystem strength remains: strong on‑chain, ETF momentum, accumulating supply

✅ Suggested Strategy

For swing traders: set entry triggers near $143.6–144 (for long) or $146–147 (for short), with tight stop‑loss and manageable leverage (<3–5×).