$SOL / USDT
The essentials of the moment:
Estimated current price: around US $198, with an intraday range between US $196 and $208. A slight pullback of ~3–4% after recently surpassing $200.
Key technical support:
Solid level at US $200, which has been successfully defended after consolidation.
The 20 and 50-day moving averages (SMA) also act as dynamic support in this zone.
Immediate resistances:
Relevant technical zone between US $210–$220, whose breakout could catapult the price towards US $250–$280.
Bullish technical and on-chain signals:
On-chain and technical indicators point to a potential breakout above $220, which would support a continuation of the rally.
Narrative and structural projection:
The Wyckoff indicator suggests a possible push towards US $280–$300 by year-end, driven by institutional flows.
Technical Scenarios
Scenario Key Condition Potential Targets
Bullish Firm close above US $210–$220 Short: $250 → Medium: $280–$300
Neutral Consolidation between US $200–$210 Technical accumulation zone
Bearish Break below US $200 Risk of decline towards $185–$190
Express Recommendation
Buy if SOL closes sustainably above US $210–$220, paving the way for potential momentum towards $250–$300.
Wait if it remains between US $200–$210, awaiting additional technical confirmation before re-entering.
