$SOL Breaks $217 – Momentum Surge or Fakeout Ahead?
$SOL is trading at $217.21, gaining strong momentum after a breakout from the $212 consolidation zone. Buyers have stepped in aggressively, pushing price toward fresh highs, but the question remains: will bulls maintain control or will bears push for a pullback?
Key Levels to Watch
• Resistance: $217.90 – A breakout above this level could fuel a rally toward $220.50 and $225.00.
• Support: $212.00 – A breakdown below this zone may drag price back to $208.50 and $204.50.
Trade Setup – Potential Plays
Bullish Entry
• A confirmed breakout above $217.90 could target:
• TP1: $220.50
• TP2: $225.00
Bearish Entry
• A breakdown below $212.00 could target:
• TP1: $208.50
• TP2: $204.50
Final Note
Solana is showing impressive strength with buyers defending support and eyeing higher levels. However, failure to hold above $217 could invite volatility and profit-taking. The next move will decide if SOL enters a new bullish leg or pauses for correction.