$SOL Battling the $200 Wall! Will Bulls Send It to New Highs?
SOL/USDT is trading at $202.19, posting a strong +4.86% gain as it attempts to hold above the key psychological level of $200. After reclaiming short-term support at $199.20, price is pushing toward the recent 24H high of $204.67, signaling potential for continuation — but resistance is growing.
Key Levels to Watch
• Resistance Zone: $203.50 – $204.70
A breakout above this zone could trigger a powerful leg upward toward:
• Target 1: $208.00
• Target 2: $215.00
• Support Zone: $199.20 – $197.50
If price fails to hold this zone, expect possible downside toward:
• Target 1: $194.00
• Target 2: $191.40 (24H low)
Volume Insight
Volume is holding steady near 149K, with increasing buy pressure. A breakout needs strong follow-through above $204.70 to confirm bullish continuation.
Trade Setup
Bullish Entry
• Entry: Break above $204.70
• Target 1: $208.00
• Target 2: $215.00
• Stop Loss: Below $199.20
Bearish Entry
• Entry: Drop below $197.50
• Target 1: $194.00
• Target 2: $191.40
• Stop Loss: Above $202.50
SOL is dancing at a critical resistance line. A clean break above $204.70 could ignite a rally, but failure to hold $199 could pull it back into a deeper retest. Stay sharp — momentum is building.
