🔶 SOLANA ($SOL ) Technical Update

Current Price: $196.93

Market Sentiment: Bullish Bias Building 🔼

Timeframe: Short–Mid Term

📌 Technical Overview:

Solana has shown strong recovery momentum, reclaiming the critical $190–195 support band. Currently consolidating near $196.93, the price is attempting to break above the psychological resistance at $200.

✅ Key Bullish Indicators:

Price is trading above 50 EMA on 4H chart

Consistent higher lows forming since $176

Buy volume increasing gradually – early signal of accumulation

🟢 Bullish Scenario (Breakout Path):

If SOL closes above $200 with volume, expect a sharp move toward:

🎯 Target 1: $208

🎯 Target 2: $216

🎯 Target 3: $228+

This level has acted as resistance in past rallies — breaking this zone could open the door to strong continuation.

🔴 Bearish Risk (Rejection Path):

Failure to break $200 or weak volume can trigger a pullback:

⚠️ Support 1: $192

⚠️ Support 2: $186

⚠️ Trend Break Invalid below: $182

🧠 Trading Strategy Ideas:

📈 Breakout Traders:

Entry: Above $200

SL: Below $192

TP: $208 / $216

🔁 Pullback Traders:

Entry Zone: $188–192

SL: Below $186

TP: $200 / $208+

🔍 Final Thought:

Solana is regaining bullish traction. If market sentiment holds, SOL could retest April highs above $210.

Watch the $200 level like a hawk – it's the launchpad or lid.

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