📊 Comprehensive Technical Analysis for $SOL | Are We Witnessing a Breakout? 🔥
$SOL is currently experiencing a strong bullish wave, trading at $197.81 after a +10.33% gain in 24 hours, coinciding with a general improvement in the market and a clear push of $ETH towards higher resistance levels.
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🔍 Technical Insight:
The price is close to breaking through an important resistance near $200.
A possible W pattern is forming on the weekly chart, supporting the continuation of the uptrend.
If the breakout is confirmed, the next target could reach the previously recorded high of $300.
Momentum indicators such as the RSI show continued buying power, and there are no sharp reversal signals yet.
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📈 Potential Buy (Long) Trade:
Entry Area: 194 - 200
Stop Loss: 183
TP Targets (TPs) arranged at approximately 5% per target:
1️⃣ TP1: 210
2️⃣ TP2: 220
3️⃣ TP3: 231
4️⃣ TP4: 243
5️⃣ TP5: 255+
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⚠️ Important Note: $BTC remains above the 120k support. It will enhance the chances of completing the breakout pattern for $SOL, while any downside break for $BTC may delay this scenario.
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