🚨 Solana ( $SOL ) Analysis Update 🚨

Currently, Solana is sitting at $253, and since my last update on Sunday, we’ve seen some movement. Back then, $260 was the key support, and I mentioned that if it held, Solana could rally towards $300. However, $260 was lost, and now $220 is the next crucial support. 📉

If $220 holds, Solana can still make a comeback, potentially breaking $260 and starting its upward journey toward $300. 🚀 But, as it stands, Solana has been stuck below $260 for more than 2 days, signaling that the downward trend might have started.

Key Levels to Watch:

$220: Support from the double bottom pattern. If this holds, we could see Solana reclaim $260 and move higher. 🔄

$260: Resistance. If Solana manages to stay above this level for 2 consecutive days, we can expect the upward journey to $300 to begin. 🏁

$230: If Solana breaks below this, it will form a second top and head down towards $220. ⚠️

For short-term traders, there’s a small double bottom forming around $265. If Solana stays above $265 for 8 hours, it could signal a potential move up, but if it fails to break above, the bearish case is stronger. ⏳

Stay cautious and keep an eye on $220 and $260! 🔍