$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

#solana