SOL looks bullish

SOL Breakout — Clean Read, Clean Levels

SOL is pushing past $200 and trading near $201 today.

The chart is still bullish!

Why the Setup Matters

→ Golden cross (daily): 50MA crossed above 200MA

🔸 Last time (Oct 2024), SOL ran ~$155 → ~$293 in 7 days

→ Triangle compression: Price coiled for months

🔸 A clean break over resistance can release a fast move toward $210–$220

→ Big buyers: DeFi Development Corp allocated ~$250M in SOL

🔸 Whales have been active — we even saw a 12% daily pop above $196 recently

Momentum & Indicators

→ RSI: 63–64 — strong, not overheated.

→ MACD: Positive histogram — momentum intact.

→ StochRSI: Use >80 / <20 swings for entries/exits.

Bollinger Bands:

→ Upper BB: $190–$195 (was the near cap)

→ Mid BB: $183–$184 (good “hold” zone on pullbacks)

→ Lower BB: ~$160 (deeper support if market hiccups)

Short-Term Scenarios

Bull path

➣ Push through $210–$215 → tag $240

➣ Strong acceptance above $200–$206 keeps the run alive

Bear check

➣ Lose $194–$196 on volume → $188–$190 retest.

➣ Lose $171–$172 (triangle base) → room down to $150–$155.

Levels That Matter

→ Must hold: $194–$196

→ Decision: $210–$215

→ Target: $220 first, $240 if momentum squeezes

→ Triangle base: $171–$172 (lose it → structure weakens)

→ Deeper supports: $188–$190, then $150–$155 if things unwind

My Takeaway

🔸 Golden cross and triangle breakout is a strong combo.

🔸 $182–$186 was the trigger; that area now acts as support on dips

🔸 Whales and institutions are still in the flow — dips get attention.

If $194–$196 holds, I’m looking for a push into $210–$215, then a tag of $220. A clean close above $215 invites a quick shot at $220–$240.

If we lose $194, I expect a reset into $188–$190 before the next try.

#NFA $SOL