Solana ($SOL ) โ Breakout in Progress!
Solana ($SOL ) is showing strong bullish momentum, currently trading at $144.31 (-2.61%). The price has bounced from a key support level and is now consolidating within a resistance zone.
Key Market Insights:
๐ Breakout Structure: SOL has surged from $128 support and is now forming a consolidation range around $144-$150.
๐ Potential Scenario: A breakout above $150 could lead to a strong rally toward $175-$180.
๐ Risk Management:
๐น Support: $128
๐น Stop-loss: $122
Conclusion: If SOL maintains this range and breaks out with volume, we could see a bullish continuation. Watch for confirmation before entering trades.
#Solana #SOL #cryptotrading #TechnicalAnalysis
Solana ($SOL ) is showing strong bullish momentum, currently trading at $144.31 (-2.61%). The price has bounced from a key support level and is now consolidating within a resistance zone.
Key Market Insights:
๐ Breakout Structure: SOL has surged from $128 support and is now forming a consolidation range around $144-$150.
๐ Potential Scenario: A breakout above $150 could lead to a strong rally toward $175-$180.
๐ Risk Management:
๐น Support: $128
๐น Stop-loss: $122
Conclusion: If SOL maintains this range and breaks out with volume, we could see a bullish continuation. Watch for confirmation before entering trades.
#Solana #SOL #cryptotrading #TechnicalAnalysis
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
SOL
151.76
+2.82%
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