🔶 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.