$SOL is currently in a discount phase.

After peaking at $209.67, the price has decreased to around $182.98. Key support levels are $178 and $171, while resistance remains near $192 and $210–$212. The market is experiencing increased volatility, with a change of -4.26% compared to the previous closing price.

Fibonacci Levels:

Recent price action shows a correction from the high of $209.67. Key Fibonacci levels to watch are:

0.382 Retracement: Around $171

0.618 Retracement: Around $211.9

A break below $171 could indicate further downside potential, while reclaiming $192 may signal a bullish reversal.

RSI (Relative Strength Index):

The 30-minute RSI is currently at 17.5, indicating an oversold condition and potential for a short-term recovery.

Entry Zone:

Safe Entry: Consider entering near the support level of $171 with a stop loss below $168.

Risky Entry: A breakout above $192 with increased volume could provide an entry opportunity with a target towards $210–$212.

Take Profit Zone:

TP1: Target around $192, aligning with the first resistance level.

TP2: If momentum continues, aim for $210–$212, near the second resistance level.

Stop Loss Ideas:

Conservative: Set a stop loss below $168 to protect against significant downside.