$SOL Attempting a Bounce Short-Term Relief or New Rally?
$SOL has dipped from its recent highs above $200 and is now showing signs of stabilization near the $156–160 support zone. The daily chart reveals a bullish candle forming after consistent selling pressure, signaling a possible relief rally or short-term reversal.
Long Trade Setup:
• Entry Zone: $160.50 – $162.00
• Target 1: $168.00
• Target 2: $174.50
• Target 3: $182.00
• Stop Loss: $155.50
Technical View:
SOL is hovering near a strong demand area after a healthy correction from its peak. If the price holds above $160 and breaks the $163 resistance with volume, it could trigger a bounce toward the next Fibonacci levels.
