1. Summary

$SOL Short-term bullish bias conditionally — prioritize probing on confirmed 1H close or buying pullbacks holding support.

• Price is trading around $187; market cap and liquidity are still large, SOL is trading strong on exchanges.

• Catalysts: ETF/staking inflows + whale accumulation — but RSI is high, need volume follow-through.

2. Analysis

On the 1H chart, it shows SOL just bounced back and touched the historical resistance area around $196–$198 (previous peak) with clear support around $175–$174.5; RSI(6) ≈ 71 — close to overbought, and volume has increased but is softening → need a breakout with volume to confirm. Fundamentally, ETF inflows & staking demand are supporting demand, while on-chain shows signs of whale accumulation — this increases the probability of continued momentum but also raises the risk of profit-taking.

3. Strategy

  • Entry: Buy when 1H closes > $196.0–196.5 (confirming break of resistance area) — or buy on reaction when there is a clear wick-rejection at $176–$175 with confirmation volume.

  • Stop-loss: SL = $172.00 (clearly, set below the support cluster $174–$175 to avoid false wick).

  • TP1/TP2: TP1 = $200–$205 (psychological area / first supply), TP2 = $230–$250 (expanded target if momentum continues and there is volume).

  • Exit triggers: exit early if there is a large flow into CEX, negative headlines about network/staking, or whale selling spike, or if price does not hold support $175 after retest.