Solana ($SOL SOL) is currently trading at $194.34, showing a significant surge of 6.38% today. After breaking past the key resistance zone of $170-$180, momentum has accelerated with increasing volume. Key levels to watch for SOL include¹ ²:
- *Current Price*: $194.34
- *Entry Zone*: $185-$190
- *Stop Loss*: Below $178
- *Targets*:
- *Target 1*: $205
- *Target 2*: $220
- *Target 3*: $250 (if breakout sustains above $200)
Given the current market trend, SOL is likely to continue its upward trajectory, driven by strong bullish momentum. However, it's essential to stay cautious and monitor the market closely, especially as SOL approaches the psychological resistance level of $200. A clean break above this level could ignite a parabolic move.
Meanwhile, other cryptocurrencies like XRP are also showing strong performance. XRP is trading at around $3.57-$3.62, with a 0.57%-3.60% increase in the last 24 hours. Its market cap stands at approximately $214.21 billion, ranking it 3rd in the crypto market.³#SolanaStrong #BinanceHODLerERA #BTCvsETH #NFTMarketWatch #StrategyBTCPurchase