$SOL Holds Key Support – Is a Bullish Reversal in Sight?

Solana ($SOL) is showing signs of resilience after a recent pullback, currently trading at $168.11, up +0.61% on the day. The price bounced off a daily low of $164.51 and is now consolidating near a crucial support zone as bulls try to regain control.

Key Levels to Watch

Resistance: $169.20 – $170.60

Support: $167.60 – $168.00

Trade Setup

Bullish Scenario:

If $SOL breaks above the $169.20 resistance level, it could spark a move toward:

TP1: $170.60

TP2: $171.76 (24h High)

Stop Loss: Below $167.60

Bearish Scenario:

If the price drops below $167.60, further downside could follow with targets at:

TP1: $165.40

TP2: $164.00

Stop Loss: Above $169.20

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$SOL is at a crucial decision point. A breakout above $169 could confirm bullish momentum, while a drop below $167.60 may trigger further selling. Traders should watch closely for a confirmed move in either direction.

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