I am closely watching Solana, and the price is currently trading around $177.4 with a slight increase of about 1.5% over the last 24 hours. From my reading of the indicators, I see that the Relative Strength Index (RSI) at 54.5 reflects neutral momentum, while MACD shows bearish divergence, which for me is a signal that the price is currently oscillating between $174 and $180, waiting for a clear breakout to define the next direction.
The support and resistance levels I am monitoring
The main support for me lies between $165 and $170, and this level has proven its strength in previous periods.
There is secondary support at $162–165, and any clear break below it could open the door for a drop towards $155–160.
On the bullish side, I am watching the first resistance at $182–190, and I consider that a daily close above $178–180 with strong trading volume could be the start of a rally towards $200–225, and with the right momentum, we might even see levels of $300.
🍀My reading of price action
On the daily timeframe, I see Solana moving within an upward channel, and momentum is still positive thanks to signals from indicators like CMF and Awesome Oscillator. Most technical indicators are currently leaning towards buying, but I don't approach that with emotion; rather, I subject it to strict risk management.
🔴My personal strategy
Scenario My plan
Bullish breakout If the daily candle closes above $180, I will enter aiming for $182 then $190, with the possibility of extending to $200–225 if momentum continues.
Sideways accumulation If the price moves between $170–175, I will wait for a retest of support at $165–170 to take new buy positions.
Bearish correction If the price drops to $162–165 while support indicators remain strong, I will buy gradually.
Strong bearish break If the price clearly breaks below $160, I will exit immediately and wait for lower levels to re-enter.
🍀Summary from my perspective
For me, Solana is currently a strong opportunity but requires caution.
I always enter gradually, set a clear stop loss, and treat each trade as part of a larger plan.
I'm not chasing the price... I'm chasing the well-studied opportunity.