🚀 Solana ($SOL ) Showing Strong Momentum!

SOL is currently trading around $208.90, up +3.6% on the day, after bouncing perfectly off the $198–$200 support zone. The price is holding well above all major EMAs (10, 20, 50, 100, 200), keeping the bullish trend intact.

🔍 Technical Snapshot:

Price is moving inside a bullish channel, eyeing resistance at $218 (Fib 0.618) and potentially $230 next.

MACD and EMA clusters still favor the bulls, though RSI ~73 hints at short-term overbought conditions.

Volume & open interest are climbing — showing traders are getting more confident.

📉 Support & Risk Levels:

Key support: $198–$200

Break below $204 could trigger a short-term pullback or sideways action.

📈 Outlook:

With institutional adoption rising (think Solana + PayPal stablecoin integration) and possible ETF approvals on the horizon, medium/long-term targets point towards $212, $230, and potentially $500 by 2025.

🛠 Trading Plan:

Longs from ~$207: keep a close eye on $198–$200 support.

Partial profits near $218–$230.

Stop-losses just under support to protect capital.

💡 Bottom line: Solana’s fundamentals and technicals align for more upside. Accumulating on dips could pay off big if this momentum continues.

$SOL 🌊💎