$SOL Approaching Breakout – Will Bulls Push Beyond $237 or Bears Step In?
$SOL is trading at $235.77, consolidating after a strong upward run. Price is hovering near a key resistance where momentum could either continue bullish with a breakout or face short-term rejection from sellers.
Key Levels to Watch
• Resistance: $237.00 – A breakout above this could drive price toward $240.00 and $245.00.
• Support: $235.00 – Losing this level may pull price back toward $232.00 and $230.00.
Trade Setup – Prepare for Action
Bullish Entry:
A confirmed breakout above $237.00 could target:
• TP1: $240.00
• TP2: $245.00
Bearish Entry:
A breakdown below $235.00 could target:
• TP1: $232.00
• TP2: $230.00
Final Note
$SOL is showing strong recovery momentum backed by solid volume. A clean break above $237.00 could set the stage for further gains, but failure to hold above support may bring short-term downside pressure.