🧠 Current technical situation for SOL/USDT:
🔹 Current price: 199.20 USDT
🔹 Daily increase percentage: +1.79%
🔹 General trend: Strongly bullish
📐 Gann Box and Fibonacci analysis:
The Gann Box was drawn from a bottom of approximately 155 to a peak of 204. Price behavior respects the geometric and Fibonacci levels, giving high credibility to the analysis.
🔼 Resistance levels:
204 USDT (current peak):
Represents significant psychological and technical resistance at the top of the box and the highest level in the current movement.207 – 210 USDT:
Potential target in case of a strong upward breakout, especially if 204 is broken steadily.
🔽 Strong support levels:
192 – 194 USDT:
Strong support at level 0.618 of Gann Box, the price recently bounced from it.185 – 180 USDT:
Vital support area at the middle of the box (0.5), and it may see strong demand if a correction occurs.176 – 172 USDT:
Deep support, breaking it changes the short-term trend structure.
🔁 Price behavior and recent movements:
Legitimate breakout of level 0.5 from Gann Box.
Clear buying strength after breaking 180 USDT.
Some fluctuation above 200 USDT, indicating resistance but without decisive reversal signals yet.
The candlestick formation indicates the possibility of "accumulation" or "light correction" before continuing the rise.
📊 Supporting technical indicators (recommended to confirm via the chart directly):
Indicator potential reading interpretation RSI between 65 – 70 near overbought, possible slight correction MACD positive crossover supports continued upward momentum Volume high and stable strong liquidity inflow
📈 Possible scenarios:
🟢 Positive scenario (rise):
Ifthe level of 204 USDT is broken steadily, then the next targets are:
210 USDT
215 – 220 USDT (extended target)
🔴 Negative scenario (correction):
If the price fails to hold above 200 USDT:
A correction towards 192 – 185 USDT is expected.
Breaking below 180 USDT means changing the short-term trend structure.
🧭 Summary:
The general trend is clearly upward with strong technical and geometric support.
Smart buying is at support 192 or 185.
Partial selling/caution at peaks 204 – 210.
Proposed stop loss: Below 180 USDT.