$SOL
Solana (SOL) – 1H Timeframe
Solana is currently trading around $202, showing signs of consolidation after its recent volatility. On the 1-hour chart, SOL has been building an ascending triangle pattern, with higher lows forming against a strong resistance zone.
🔹 Key Resistance: $205 – $208
🔹 Immediate Support: $195 – $198
🔹 Structure: Price compression within the triangle suggests that a breakout move may be coming soon.
👉 Possible Scenarios:
A confirmed breakout above $208 with volume could open the door to further upside.
Failure to hold $195 support may shift momentum toward short-term bearish pressure.
⚡ What’s Next: Traders are closely watching for volume confirmation to decide the next major move. Until then, $SOL is likely to continue ranging within this tightening structure.
