$SOL Current status
Current price: ~$196.30
Intraday range: $178 – $198.61
Daily movement: +8.5 %
Critical zone surpassed: $195, confirming bullish breakout
✅ Bullish scenario (confirmed breakout)
Solana has strongly surpassed the key resistance of $195–$199.
If it manages to close and consolidate above $196, the next technical targets are:
$218 (immediate target, +11 %)
$240–$300 (next range if the momentum continues)
Cup-and-handle technical pattern projects even up to $500+ in extended scenarios, although this depends on the overall market context.
🔻 Retracement scenario
If SOL fails to hold above $196:
It could retest $180–$190 as a support zone.
A drop below $168 would weaken the outlook and could lead to corrections towards $145–$160.
Decreasing volume or lack of conviction may also anticipate sideways consolidation.
🎯 Possible entry strategies
Strategy Approximate price Initial target Suggested risk (stop-loss)
Pullback to support $196–$199 $218 Below $190
Breakout entry > $200 $240–$300 Below $196
Solana has broken a key resistance, and if it maintains this area as support, it could accelerate towards $218 and beyond.
An entry can be considered on pullbacks towards $196–$199 or after confirmation above $200.
As long as it holds $196 as a base, the bias is clearly bullish in the short term.
Breaking below $168 would nullify this scenario and trigger possible deeper declines
