⚡ SOLANA SHOWS STRENGTH — IS A MOVE TO $220 ON THE HORIZON?
#solana #MarketTurbulence $SOL
Solana remains resilient, holding above $185 and now stabilizing near $190 while trading above the 100-hourly SMA. After reclaiming the $192 zone, SOL briefly pushed past $200, hitting $202 before pulling back slightly.
At the moment, $198 is acting as short-term resistance, with $202 being the key level to watch. A close above this mark could trigger renewed bullish momentum, potentially driving SOL toward $210 and even $220.
On the flip side, support sits at $192, with strong demand around $188 — aligning with the 61.8% Fib retracement from the $174 to $210 rally. A break below $188 may open the door to further downside, targeting $180 or even $175.
Technical Snapshot:
MACD: Losing some steam but remains in bullish territory.
RSI: Hovering below 50, suggesting consolidation ahead of the next major move.
Key Levels:
Support: $192, $188
Resistance: $200, $210
A strong push above $202 could fuel the next rally, while failing to reclaim it might keep SOL trading sideways or lead to a deeper pullback.