$SOL Enrollment in Resistance Key – Breakout Configuration or Bull Trap?
SOL is trading at $191.66, with an increase of +6.04% on the day after a clean rise from the support of $177. The price is now just below the resistance of $193, where multiple wicks have formed. A breakout could trigger an acceleration of momentum, but caution should be exercised near key levels.
Key Levels to Watch
Resistance: $193.00 – A clean breakout above this level could initiate:
• Target 1: $198.00
• Target 2: $205.00
Support: $188.50 – A drop from here could shift momentum towards:
• Target 1: $183.00
• Target 2: $177.00
Volume Outlook: Volume is steady, but not yet increasing—suggesting a waiting game between bulls and sellers. Price action continues to favor buyers as long as $188 remains firm.
This is a classic narrow range breakout zone—wait for confirmation before deploying size.
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SOL
191.08
+4.78%