Corrections are just part of a healthy accumulation phase š„
As I mentioned before, $209 remains the key resistance for $SOL .
As long as SOL holds above the $185 support, thereās no reason to panic šŖš»"
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$SOL has been on a tear, bouncing hard from its 20-day SMA at $176 and blasting past the key $185 resistance earlier this week. Momentum carried it close to $209, but sellers stepped in, leaving a long upper wick, a sign the level wonāt be easy to break.
The immediate battleground is clear: if SOL holds $185 and bounces with force, bulls will likely make another run at $209. A clean breakout there could open the door to $240.
But if $185 fails, SOL may shift into a range between $209 and $155, cooling the pace until buyers return in strength.
#solana #sol #CPIWatch
$SOL has been on a tear, bouncing hard from its 20-day SMA at $176 and blasting past the key $185 resistance earlier this week. Momentum carried it close to $209, but sellers stepped in, leaving a long upper wick, a sign the level wonāt be easy to break.
The immediate battleground is clear: if SOL holds $185 and bounces with force, bulls will likely make another run at $209. A clean breakout there could open the door to $240.
But if $185 fails, SOL may shift into a range between $209 and $155, cooling the pace until buyers return in strength.
#solana #sol #CPIWatch
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SOL
195.58
-5.66%
