$SOL /USDT
🔸 Solana achieved a solid rebound from the key support of $155–$160, with increasing whale interest and strong ETF flows (US$137 M) in addition to a record TVL reinforcing the bullish momentum
🔹 If it breaks and closes several candles above $175–$180 with good volume confirmation:
🎯 $195–$205 becomes the next logical technical target, supported by daily analysis and renewed momentum
🔄 Extended target: $250–$300, backed by projections of institutional ETFs and developments in its network, particularly with the Firedancer upgrade and optimistic prospects from Bitget estimating the ceiling in that range this year
⚠️ Warning: Resistance around $166–$172 remains firm, with a bearish structure marked by a descending triangle. A failed breakout or insufficient volume could lead to declines towards the crucial support of $155–$160, with additional risk towards $140–$150 if the pressure continues
✅ Should I buy back now?
It might be more prudent to wait for consolidation above $170–$175, or even a controlled pullback towards $160–$162 that shows solid resistance, before re-entering.
📌 Current recommendation:
Action Condition to do so Target Stop-loss
✅ Buy Only if it breaks and confirms above $175–$180 with solid volume $195–$205 $170
🔁 Wait If it pulls back towards $160–$162 and shows firm support $195–$205 (→ $250–$300) $155
🎯 Extended target: $250–$300, with even more optimistic scenarios reaching $420–$500 or more in the event of a strong technical breakout, institutional ETF, and increasing participation in the network