🚀 SOL Soars: Is $200 Next? Solana Trading Strategy – July 17, 2025
1️⃣ Market Pulse:
Solana ( $SOL ) trades near $174 USDT, gaining 6% in 24h and 10% this week, outperforming major altcoins. Trading volume surged past $8B, fueled by ETF filings, network upgrades, and overall crypto recovery. Monthly growth now crosses 9%.
2️⃣ Chart Check – Technicals:
• Trend: Bullish consolidation post-breakout
• Support Zones: $165 → $158 → $154
• Resistance Levels: $180 → $186 → $200
• RSI: 56 (momentum still positive)
• Pattern: Falling wedge breakout (bullish bias)
• Volume: Cooling slightly but structurally strong
A confirmed break above $180 can trigger a fast leg up toward $195–$200, especially if ETF sentiment stays strong.
3️⃣ Trading Strategy:
Short-Term (1H–4H):
• ✅ Buy dips near $165–$170 if volume rebounds
• ✅ Aggressive entry on breakout above $172
• 🎯 Target: $180, then $186
• ❌ Stop-loss: $160 (3–5% below entry)
Mid-Term (12H–1D):
• ✅ Accumulate between $158–$162 on retest
• 🎯 Target: $186, then $200
• ❌ Stop-loss: $154 (trend invalidation)
4️⃣ Pro Tips for Traders:
• 💰 Risk only 1–2% of capital per trade
• ⚙️ Use 1–3x leverage cautiously on Binance Futures
• 📊 Confirm entries with volume surge & RSI > 60
• 🧠 Watch ETF-related headlines & BTC price movement closely
📌 Final Word:
SOL is building strength for a potential breakout toward $200, but must hold above $165 short term. Price action remains bullish across major timeframes, with ETF momentum and on-chain metrics providing tailwinds. Checkout for $BTC $ETH breakout as well.
📣 Not financial advice. Always DYOR.
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