🚀 $SOL rises to $203 after correction from $205 — does the bounce hold?
Current price and technical structure
Current price: $197.49 — $202.27 (according to reliable sources)
It reached an intraday high of ~$205, consolidating after a technical correction from that level.
It exhibits a healthy correction within an upward channel: recent low at $182–$189, with solid support near $190.
Key factors of the day
SOL adds a weekly gain of ~20–22%, one of the strongest altcoins of the period.
Its market capitalization is around $106B with a daily trading volume between $13B and $14B.
It no longer appears as a top for explosive gains; projects like Remittix (RTX) are attracting more attention from aggressive traders.
Technical level of the day
Key support: $190–$192
Immediate resistance: $205–$207
Critical zone: Confirming support above $195 paves the way to recover $205–$210 — sustained momentum could target $225.
Institutional / Macro Outlook
SOL continues to consolidate as a “blue-chip altcoin”: high liquidity, robust adoption in DeFi and NFTs, and institutional follow-up position it as a benchmark asset in the crypto ecosystem.
Would you take advantage of this pullback near $190 to accumulate $SOL — or would you prefer to wait for confirmation above $205? Comment below 👇
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