$SOL has experienced a strong surge, trading at $214.43, up 8.13% in the last 24 hours, with a 24H high of $217.14. This upward momentum signals a potential continuation of the bullish trend as key resistance and support levels are in focus.
What the Chart Tells Us
The chart reveals a strong uptrend, with $SOL trading well above key moving averages (MA7, MA25, and MA99). The price has broken out of consolidation, pushing past $200—a critical psychological level—and now eyes $215 as the next hurdle. Increased trading volume highlights strong buying interest, suggesting traders are optimistic about further gains.
Resistance Levels:
The immediate resistance lies at $215. A successful breakout could target $220 and $230 in the short term, with the possibility of extending toward $250 if momentum continues.
Support Levels:
On the downside, $200 acts as a major support level that must hold to sustain the rally. A break below could see $SOL testing the $190 zone, where additional buying interest may emerge.
Volume & Indicators:
The volume spike indicates heightened interest, while the MACD's positive crossover supports continued upward momentum. However, the RSI is approaching overbought territory, hinting at the potential for a brief consolidation or pullback before further advances.
Outlook
The current price action reflects strong market confidence. Traders are watching for a decisive move above $215 to confirm a continuation toward $220 and beyond. Consolidation or minor pullbacks may provide opportunities to accumulate before the next leg higher.
💡 Summary: The bullish structure remains intact as long as $200 holds as support. Eyes are on $215 for the next move, with potential upside targets at $220, $230, and $250.
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