๐ฆ๐ผ๐น๐ฎ๐ป๐ฎ (๐ฆ๐ข๐) ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ง๐ฒ๐๐๐ $185 โ ๐๐ฎ๐ป ๐๐๐น๐น๐ ๐ฃ๐๐๐ต ๐๐ผ $200 ๐ง๐ต๐ถ๐ ๐ ๐ผ๐ป๐๐ต?
โ Current update:
โ SOL trades around $174.38, holding gains from a bounce at $155โ160.
โ Facing big resistance near $185โ190; this zone has rejected price multiple times before.
โ Institutional inflows from new Solana ETFs have fueled momentum, while Bitcoin above $112,000 helps risk sentiment.
๐ Technical picture
โ Price is in an ascending triangle: higher lows squeezing under the same resistance โ often leads to breakout.
โ OBV rising: shows steady buy volume.
โ CMF > 0: money flowing into SOL, bullish signal.
โ Short-term resistance: $185โ190
โ If price breaks and holds above this zone โ could target $200, then $215.
โ RSI is near overbought โ quick pullbacks possible, but structure stays bullish as long as SOL stays above $170โ172.
๐ What could happen next:
โ Bullish scenario:
โ Clear break above $185โ190 on strong volume โ target $200, then $215.
โ Backed by ETF inflows & growing institutional support.
โ ๏ธ Bearish / pullback scenario:
โ If price gets rejected at $185โ190 โ likely to retest support near $170โ172.
โ A drop below $170 could open move toward $160.
๐ก What traders should watch & do:
โ Watch daily close relative to $185โ190 zone.
โ Confirm breakout with volume spikes & strong candles.
โ Consider stops below $170 for protection if entering new longs.
๐ฃ Why this setup matters:
โ ETF inflows bring real demand from institutions.
โ Market cap rising + strong volume support = price moves have higher chance to last.
โ $200 is both psychological & technical target โ strong breakout could extend to $215.
โญ Summary:
Solana is at a make-or-break resistance. ETF inflows and rising buy volume help bulls โ but final confirmation depends on price closing above $185โ190. Next few days are key.