SOL has recently oscillated in the range of 205–215, which is a typical consolidation phase. The market's pullback has led to a strong rebound, even reaching a new high for the past six months intraday.
Currently, it is not recommended to chase the high; the key is to hold the support level around 201–197. As long as it remains above 220, a new bullish trend is expected to open up upward space, gradually challenging 227, 237, and even aiming for 260 by the end of the year.
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