โก Solana Holds Strong โ Could $220 Be the Next Big Breakout? ๐
continues to demonstrate impressive strength amid market turbulence. After holding firm above $185 for several sessions, the asset is now consolidating around $190, comfortably trading above the 100-hourly SMA.
Earlier in the week, bulls reclaimed the $192 zone, briefly pushing SOL above the $200 mark and reaching $202 before a mild pullback.
Key Price Levels
Immediate Resistance: $198, followed by the crucial $202 zone.
A decisive close above $202 could trigger fresh bullish momentum, aiming for $210 and potentially $220.
Immediate Support: $192, with stronger buying pressure near $188 โ the 61.8% Fib retracement of the $174 โ $210 rally.
A break below $188 could open the path to $180 and $175.
Technical Outlook
MACD: Losing some momentum but still in the positive zone.
RSI: Below 50, signaling consolidation before the next potential breakout.
Market Sentiment
SOLโs ability to maintain strong support levels while the broader market faces uncertainty is encouraging. If bulls reclaim $202 with volume, the path to $220 becomes highly probable. But failure to break $202 may keep price action range-bound in the short term.
The coming sessions could decide whether Solana will be the next altcoin leader โ or stay locked in consolidation before another big move.