$SOL Consolidating Near $191 — Bulls Eye Recovery, Bears Guard Resistance
Current Price: $190.97 (+0.80%)
24H Range: $188.31 – $197.00
Market Overview
Solana (SOL) is trading just below the $192 mark after facing resistance near $197. The recent uptick in volume shows active participation, but price action indicates a brief consolidation phase after the recent rally. Buyers are holding ground above $190, keeping the short-term trend neutral to slightly bullish, though a breakout or breakdown from this range could define the next directional move.
Key Levels to Watch
Resistance:
• $192 – Immediate resistance; a break above may encourage renewed bullish momentum.
• $197 – Key upside target; closing above this could propel SOL toward $200 and $205.
Support:
• $190 – Critical near-term support; losing this may expose $188.
• $185 – Secondary support; below this, downside could extend toward $180.
Trade Setup – Awaiting a Clear Direction
Bullish Scenario:
If SOL breaks and sustains above $192 with strong buying volume, momentum could shift upward.
Targets:
• TP1: $197
• TP2: $200
Stop Loss: Below $188
Bearish Scenario:
A confirmed move below $190 could bring short-term selling pressure.
Targets:
• TP1: $188
• TP2: $185
Stop Loss: Above $193
Final Note
SOL is in a short-term consolidation phase between $190 and $192 after recent volatility. Bulls must reclaim $192 to regain momentum, while a slip under $190 could give bears short-term control. Keep an eye on volume a strong breakout could trigger a swift directional move.
