The recent Solana has been like a 'tonic' in the crypto market — after reclaiming the key support of $211-212, it has firmly stood above $213. Buyers are like building a 'steel defense line'; every time the price dips near $212, there is a steady stream of buying coming in, leaving no chance for bears to counterattack! Looking at the K-line chart, it is all a strong structure of 'higher lows and breakout highs.' Even the pullbacks are short, like 'taking a breath.' Such a clean and decisive breakout pattern is truly rare in today's market!
Looking at the details: when the price briefly dipped to $211.5 in the early session, the transaction volume suddenly surged, clearly indicating that institutions or large players were 'buying low to replenish their positions'; then, it steadily climbed, firmly standing at $213 in the afternoon, now building strength towards the resistance at $216 — from the 15-minute chart, both MA5 and MA10 moving averages are in a bullish arrangement, like two 'boosters' propelling the price upwards; the 4-hour chart has consistently closed with bullish candles, and the MACD red bars continue to expand, with momentum showing no signs of weakening, creating a rhythm of 'the upward trend cannot be stopped!'
Many people ask, 'Is it still too late to enter now?' — This trading plan has already balanced 'risk' and 'opportunity' to the extreme: the entry point is set at $213.5, right in the 'safety cushion' position of the $213-216 range, neither chasing high like at $216 nor waiting for a pullback and missing the opportunity; the stop-loss is set at $211.2, which is the 'iron bottom' of recent pullbacks. As long as it does not break below this level, the upward trend remains intact, and even if there are short-term fluctuations, losses can be kept to a minimum; the target is directly aimed at $218.2. After breaking the resistance at $216, this target is practically 'within reach' and could even exceed expectations and surge higher!
More importantly, SOL's rise has never been 'groundless' — it has the dual support of ecosystem and capital behind it. Recently, the locked-up volume of DeFi protocols on Solana has been steadily increasing, and the NFT market is gradually warming up, with institutional funds quietly increasing their positions; looking at the trading volume, the 24-hour trading has remained high, without showing any signs of 'shrinking volume with price increase,' indicating that funds are genuinely 'laying out long-term,' not just a short-term frenzy by retail investors.
What we should focus on now is to keep an eye on the support level of $213 — as long as it can hold steady, the resistance at $216 will likely be broken soon, and targets of $218, or even above $220, are not a dream; even if there is a short-term pullback, the support at $211-212 is strong enough, and the pullback might actually be the 'last chance to board the bus.' We must remember, coins like SOL that have 'support, momentum, and an ecosystem'!
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