#Solana (SOL) Technical Outlook — Breakout Potential
SOL is holding above $200, currently near $201, with a bullish structure supported by clean technical levels.
Key Bullish Signals
Golden Cross (Daily): 50MA above 200MA — last instance (Oct 2024) saw a +90% move in 7 days.
Triangle Breakout: Months of compression resolved upward; momentum favors continuation.
Institutional Demand: DeFi Development Corp allocated ~$250M to SOL; whale activity remains high.
Momentum Check
RSI: 63–64 — strong, not overbought.
MACD: Positive histogram, trend intact.
StochRSI: >80 / <20 swings useful for tactical entries/exits.
Key Levels
Support: $194–$196 (must hold), $188–$190 (secondary), $171–$172 (triangle base), $150–$155 (deep).
Decision Zone: $210–$215.
Targets: $220 (initial), $240 (stretch).
Scenario Map
Bull Case: Hold $194–$196 → break $210–$215 → run to $220–$240.
Bear Risk: Lose $194 → test $188–$190; below $172 opens $150–$155.
Bottom Line
Golden cross + breakout + institutional flow form a strong bullish setup. As long as $194–$196 holds, upside toward $220–$240 remains the primary path.
