$XRP
Solana ($SOL) traders are gearing up for a potential bullish move as price action edges toward a critical resistance range. Current technical analysis highlights a long entry zone between $200.80 and $201.80, with momentum building for an upward push.
📌 Trade Setup
Entry Zone: $200.80 – $201.80
Stop Loss: Below $198.50 (to manage downside risk)
Targets:
TP1: $201.87 (recent 24h high)
TP2: $205.00
TP3: $210.00 (if breakout holds with volume)
The $201 mark is not only a psychological barrier but also aligns with the recent intraday high, making it a crucial pivot for the next move. If buyers manage to hold above this zone with strong volume confirmation, the rally could extend toward the $205–$210 range, signaling a robust bullish continuation.
However, failure to hold above $198.50 could invalidate the bullish setup, leading to potential retracement as profit-takers step in.
🔍 Market Sentiment:
With the broader crypto market showing mixed signals, Solana remains one of the top DeFi assets attracting strong attention. Analysts note that institutional buying pressure could be the deciding factor for a clean breakout.
Bottom line: Traders are watching the $200–$202 zone closely. A decisive break could open the doors for another leg higher, while a rejection may trigger a short-term pullback.
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