$SOL Potential Bounce, Watch Resistance at $170
$SOL is currently priced at $168.79, showing signs of recovery on the 4-hour chart after bouncing off the $161 support zone. However, it is facing resistance near $170, a key level that has caused multiple rejections.
Short-Term Trade Setup
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 is looking solid, with a healthy 61.40% buy-side strength. However, $170 remains a significant resistance. A breakout above this level could signal further upside, while a rejection may lead to a pullback toward $162–$164. Wait for candle confirmation and volume above $170 before going heavy.
