SOL/USDT — Advanced Profit Booking Setup
Entry Zone: $176 – $180
Position Size: ~5.5 SOL (for a $1,000 position)
Take Profit Targets (TP):
TP1: $190
TP2: $200
TP3: $210
Stop-Loss: $170
Why This Setup Matters
Institutional Positioning & Ecosystem Strength
Solana remains attractive with a $12.1B TVL and 7.3% staking yields, marking it a high-performance DeFi contender to watch.
Solana continues drawing investor confidence due to strong developer activity and dominance in DEX and NFT markets.
Technical Outlook & Resistance Targets
Price is consolidating in the $176–$180 support zone, offering a disciplined entry point.
TP1 ($190): Close to current resistance—ideal for securing partial gains.
TP2 ($200): A psychologically significant level and short-term breakout target.
TP3 ($210): A more aggressive upside, contingent on bullish momentum continuation.
Market Sentiment & Risk Considerations
Some analysts anticipate Solana could eventually reach $300, driven by continued growth and demand.
However, recent resistance around $200 and declining new wallet activity may suggest caution.