$SOL 🚀 BULLISH MOMENTUM 🚀
Chart Overview
SOL is currently consolidating near $185, a critical resistance level that’s drawn attention in recent sessions. A sustained push above this zone could ignite strong bullish momentum. Notably:
Weekly price action shows SOL gaining ~18%, supported by macro optimism and on-chain dynamics.
Fibonacci Setup
Swing Low: ~$172.64
Swing High / Resistance: ~$185
Key extension levels beyond that range:
127.2% Extension: ~$167
161.8% Extension: ~$178–$179
178.6% Extension (Cup Handle target): ~$185–$185.3
These levels align with a classic Fibonacci trajectory toward $185, with macro backing for further upside.
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Trading Strategy
Breakout Long
Entry: Daily close above $185 with increasing volume
Stop-Loss: Just below $180 (or last swing low)
Targets:
T1: $195
T2: $205–$210
If clean breakout: Eyes on $256 (per cup-and-handle pattern)
Strategy Overview Table
Strategy Type Entry Zone / Trigger Targets Stop-Loss
Breakout Long > $185 with volume $195 → $205–210 → $256 < $180
Pullback Long $178–$180 retracement zone $185 → $195 < $172
Rejection Short Failure at $185 resistance $180–$178 > $187
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Final Thoughts
Solana is at a high-stakes juncture with a clear technical path forming. A break above $185 offers bullish continuation, while a deeper retest offers lower-risk entries. With strong fundamental backing and chart confluence, the setup offers compelling risk-reward—but caution is vital.