$BTC

Solana ($SOL) Market Update

Price Action Overview
$SOL recently spiked from $164.5 to $169. However, this move does not signal a trend reversal. It’s a minor, bot-triggered bounce off local support levels.

Key Observations

Volume Analysis: The current volume surge is reactionary, lacking the sustained momentum needed for a true breakout.

Resistance Level: $SOL must break above $172 with strong, consistent volume to confirm bullish momentum.

Support Zone: The $155–$160 range remains a key area for potential re-entry.

Trading Strategy

Avoid chasing this short-term spike to steer clear of FOMO-driven traps.

Wait for a pullback to $155–$160 for a more favorable entry point.

Monitor volume and price action around $172 for signs of a legitimate breakout.

Stay disciplined and focus on the bigger picture. Short-term noise doesn’t define the trend.

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