$SOL is showing signs of strength after a strong move up โ but instead of chasing green candles, the smarter play is to wait for a clean retest. Hereโs the breakdown:
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๐ Market Snapshot
Price: ~$198
Volume: elevated, with capital rotating between BTC โ Large-cap alts
Momentum supported by listings + Solana infra upgrades
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๐ Technical Outlook
Bias: Short-term bullish โ but prone to pullbacks after fast rallies
Support / Retest Zone: $176 โ $185
Resistance: $207 โ $215 (needs volume confirmation for breakout)
Indicators: Watch RSI & volume โ exhaustion = caution ๐จ
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โ๏ธ Fundamentals
Upgrades: Block Capacity Boost, Agave, Firedancer โ boosting throughput & network resilience
Supply: ~540M circulating; staking + inflation impact supply dynamics
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๐ฃ Sentiment Check
Market & socials = bullish, strong interest ๐ฅ
But beware: FOMO + profit taking likely near resistance
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๐ฏ Trading Plan
Entry (Probe): Starter buy on successful retest $176โ$185
Add: Scale if price flips $207+ with strong volume
Stop-loss: Below $165โ$170
Targets:
TP1: $215 โ $230
TP2: $250+ if momentum holds
Early Exit: Weak volume at resistance / RSI divergence
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โก๏ธBottom line: Donโt chase $SOL here. Smarter move = buy the dip retest & ride the next leg up.
