$SOL

🚀SOL On August 14, SOL surged from $210 and then retreated, indicating that bears are acting at high levels. The price is currently approaching the 20-day moving average of $177, which is a key battlefield that will determine the future trend.

🐂 Bullish Scenario

The moving averages are slightly rising, and the RSI is also above the midpoint, indicating that buying pressure still holds some advantage.

If SOL can stabilize and rebound at $177, the bulls will push again, targeting a breakthrough at $210. Once it successfully holds, the market is expected to accelerate towards $240!

🐻 Bearish Scenario

However, if SOL fails to hold $177 and instead closes below it, that would be a sign of weakness. At that time, the price may be suppressed and oscillate between $155 and $210, getting caught in a tug-of-war.

🎯 Key Observation Levels

Support: 177 → 155

Resistance: 210 → 240

Market Sentiment: Hold $177, challenge $240; if lost, enter a period of consolidation.