urrent Price: Solana is currently trading at $206.54, with a 1.58% decrease. The cryptocurrency has been on a strong upward trend since $200, but it faced rejection at the $210 zone ๐.
Key Levels to Watch:
- Resistance: $210-$212 ๐จ
- Support: $205, $202, and $200 ๐ก๏ธ
Analysis:
As long as SOL doesn't strongly surpass $210-$212, the immediate bias is neutral with a risk of retracement โ ๏ธ. If it drops below $205, it could retest $202-$200. However, with closes above $212, bullish extension towards $218-$225 could be enabled โ .
Trade Setup:
- Conservative Entry: Wait for close > $212 ๐ฏ
- TP2: $218
- TP3: $225
- Stop Loss: $204
- Speculative Entry: Test $208 with SL $204 and short target $212 โ ๏ธ
Conclusion:
SOL is in a hot zone ๐ฅ... will it break $212 to extend the rally or retrace to $200? ๐ The outcome depends on market sentiment and technical indicators. Keep an eye on the charts and adjust your strategy accordingly ๐.
Technical Indicators:
- Sentiment: Bullish
- Fear & Greed Index: 55 (Greed)
- Volatility: 7.03% ยน
What's Next?
The Alpenglow upgrade approval and ETF prospects could drive Solana's price up. With a strong buy signal from technical indicators, SOL might reach $216.52 in October 2025 ยน ยฒ.
