TECHNICAL ANALYSIS SOLANA🔥🔥🔥
SOL shows an interesting technical picture, with the current price around $212. After an important breakout of the key resistance at $200, SOL has confirmed an upward trend that started in April with higher lows. On the daily chart, a consolidation phase is observed, which potentially precedes a new upward momentum.
The most relevant immediate support level is between $185 and $190, which is crucial to maintain for the continuation of the positive trend.
For a trade, a good buying point is around $210, with a prudent stop loss set at $185, to limit risk in case of a correction.
The first take profit target can be placed between $230 and $235, where there is a short-term resistance. If the price exceeds this threshold, the next target is around $253, in line with a medium-term breakout.
Technical indicators (neutral RSI, bullish moving averages, positive MACD) support the hypothesis of further increases, but caution is advised in risk management due to current volatility.
SOL maintains a bullish outlook with solid supports and key resistance levels to monitor.
I recommend never entering a position with all the capital you want to invest so that you can better manage the position in case of sudden pullbacks.
Please always operate with low leverage and always set the stop loss.
