๐Ÿ“Š $SOL RISING UP๐Ÿš€

Solana ($SOL) is trading near $167, following a modest retracement from recent highs. The price action shows a bullish flag forming on the 4H chart โ€” typically a continuation pattern that suggests further upside after consolidation.

๐Ÿงญ Key Levels to Watch:

โ€ข Immediate Resistance: $176 โ€“ a critical horizontal level tested multiple times in June and July.

โ€ข Next Target (if breakout confirmed): $185โ€“$190 range.

โ€ข Support Zone: $162 โ€“ coincides with the 0.382 Fibonacci retracement of the recent rally.

๐Ÿ“ˆ Momentum Indicators:

โ€ข RSI: Cooling off from overbought, now hovering around 55โ€“60, signaling potential for renewed upward momentum.

โ€ข MACD: Converging towards a possible bullish crossover on the 4H chart.

โ€ข Volume: Slightly declining during the pullback, which supports the case for a bull flag and healthy correction.

๐Ÿ” Outlook:

A decisive break and close above $176, especially on strong volume, could confirm bullish continuation โ€” possibly targeting the $190 zone. Failure to hold $162 may invite short-term bearish pressure toward $154.

#Solana #CryptoCharts #BinanceSquare #Write2Earn