🚀 Analysis of Solana (SOL) Coin: Ready to Launch or Wait?
🔥 Quick Summary:
The SOL coin is currently trading at $214, with a slight increase of +0.33% over 24 hours, supported by a massive trading volume of $9.06 billion. The coin is facing pressure at a critical resistance level of $213, where technical patterns and accumulation from whales and institutions suggest a strong upward potential if this resistance is broken.
📊 Technical Recommendations:
1. Neutral signal with a bias towards buying:
· Moving averages indicate a "strong buy" signal in the long term (SMA 50 at $188.17 and SMA 200 at $159.87).
· Oscillators (such as RSI at 47.53) indicate a neutral area, leaving room for upward movement without being overbought.
2. Entry Points:
· Direct entry: at $211-$213 (strong support near Pivot Point).
· Entry on rebound: at $197 (major support in case of correction).
· Stop loss: $195 (critical support to avoid significant losses).
3. Exit Targets:
· Short target: $219-$220 (near daily resistance).
· Medium target: $240-$250 (in case of breaking the resistance at $213).
⚠️ Important Warnings:
Tough resistance at $213 may lead to a correction if not broken. High volatility is likely due to high trading volume and market news.
Strong annual performance (+68.5% over the year) does not guarantee continued upward movement without fundamental support.
💡 Do you think SOL can break the resistance at $213 this week and rise towards $250, or is a correction to $197 imminent? Share your thoughts!
