๐ Market Overview
Solana is trading around $204 after a strong 11% surge in the past 24 hours. Momentum has picked up across the market, but SOL now faces a crucial test. The immediate hurdle sits between $206โ$210, where a decisive move could set the tone for the next leg higher.
๐ Technical Picture
RSI (Relative Strength Index): Hovering at 67, reflecting healthy demand while avoiding extreme overbought levels.
MACD: Recently flashed a bullish crossover, with expanding histogram bars that suggest strength is building.
๐ฏ Price Targets
Near-Term: A breakout over $210 may trigger an advance toward $218โ$228.
Mid-Term: Sustained momentum could open a path to $250โ$300.
Longer-Term: Some analysts are eyeing $360 as a stretch target, citing Solanaโs ecosystem growth and network efficiency.
๐งฉ Key Insights for Traders
Focus Area Takeaway Breakout Level Watch $206โ$210 closely โ this zone decides the next move. MomentumIndicators still favor buyers with no bearish divergence.Upside Scope Potential targets range from $218 to $360.Support ZonePullbacks may stabilize near $185 if momentum cools.
๐ Whatโs Next?
If SOL clears $210 with conviction and strong trading volume, bulls could seize control and drive the token into fresh territory. However, traders should remain cautious of false breakouts and keep stop-losses in place.
โก Bottom Line: Solanaโs structure remains bullish. The next big move hinges on whether the $210 ceiling breaks โ if it does, the door to higher levels could open quickly.
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