$SOL /USDT

🔸 Solana is strongly defending the support between $160–$162, an area aligned with key EMAs and Fibonacci technical levels. If it manages to stay above these levels, the technical outlook remains cautiously bullish.

🔹 If it breaks and closes several candles above $167–$174 with reinforced volume, it is very likely to advance towards:

🎯 $175–$190 as a short-term target.

🔄 Extended target: $250–$300, in case sustained momentum is confirmed—additional support comes from potential ETF approval, developments in its ecosystem, and institutional expansion.

⚠️ Warning: It currently faces technical resistance near $165–$174, with bearish structures and upper EMAs acting as a brake. If it loses support below $160, the risk of a correction towards $150–$153 is real.

✅ Should I buy back now?

If you exited near $165–$170, ideally, you should wait for a sensible retracement towards $160–$162, and only re-enter if the technical support remains clear.

📌 Current recommendation:

Action Condition to do so Target Stop‑loss

✅ Buy Only if it breaks and confirms above $167–$174 with good volume $175–$190 $160

🔁 Wait If it retraces to $160–$162 and shows clear technical support $175–$190 (→ $250–$300) $150–$153

🎯 Extended target: $250–$300, with even more aggressive projections towards $600+ in disruptive scenarios supported by “cup-and-handle” technical patterns, growth in TVL, and massive institutional adoption. Some analyses even mention levels as high as $6,300, although that would be considered extremely optimistic.