$SOL Potential Bounce, But Watch the Resistance Near $170

$SOL is currently trading at $168.79, showing signs of recovery on the 4H chart after bouncing off the $161 support zone. However, the price is struggling just below the $170 resistance – a crucial level that has rejected multiple times.

Short-Term Trade Setup l

Entry Range: $167.50 – $169.00

Stop Loss: $163.50

Target 1: $172.00

Target 2: $176.50

Target 3: $180.00

Market Insight:

The bounce looks healthy with decent buyer strength (61.40% buy side), but $170 is acting as a strong resistance. A breakout above it may confirm continuation. If rejected, we could revisit $162–$164. Wait for candle confirmation and volume above $170 to go heavy.