A bit about #sol

At the moment, SOL is showing active movement within an upward channel, with a possible retest of the cycle ATH at 206.36 (July 23).

The asset is trading between key support zones at 172.55 – 165.82. A breakdown below this level could disrupt the upward cycle and push the price toward local ranges around 153 USDT per token.

Currently, the token price is in a resistance zone, which may cause manipulative turbulence through liquidity shifting in the order book.

If the price breaks out above the local range at $210, it will soon face a global resistance level at 219.94 – 228.20. Be cautious with longs due to high volatility, and follow risk management.

Factors confirming the uptrend:

1. RSI ± 65.01

2. Ichimoku: Breakout of the baseline by the leading line; SPAN A and SPAN B indicators and green clouds also point to a stable upward trend in the asset.

3. Bull flag on the 1W timeframe.