Solana ($SOL ) Market Update 📊

SOL remains in an uptrend despite short-term consolidation. Current structure suggests we are in a B-wave bounce within a larger ABC correction.

📌 Key Levels

Major Support: $165.94 → Hold above to keep bullish bias

Resistance Zone: $198.42 – $207.25 → Break above confirms upside breakout potential

Current Action: Bounce unfolding from Fibonacci support $165.94 – $186.50

📈 Bullish Scenario

Above $165.94 → Treat pullbacks as buying opportunities

Break above $207.25 → Opens path toward all-time highs

⚠️ Bearish/Deeper Pullback Scenario

Below $165.94 → Upside structure invalidated → Shift to defensive positioning

Expect broader correction before next rally

🔎 Market Context

Ethereum still leading → Altcoin outperformance yet to begin

Likely short-term consolidation before next major move

🎯 Trading Plan

Range trade between $165.94 support and $207.25 resistance

Bias stays bullish unless support is lost

#SOL #CryptoTrading #SolanaUpdate #BuyOrSell