SBRr77
Open Trade
Frequent Trader
3.7 Years
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Is SOL ready to break $200?
$SOL has maintained a solid bullish structure, and could be about to confirm a new stage of momentum. Attention traders!
My technical analysis:
Strong technical support: $165 - $170
Critical resistance zone: $188 - $200
On the daily chart, the price has bounced 3 times on the 50-day moving average
RSI at 60, still with room before overbought
Increasing volume in support zones = accumulation
If $SOL breaks strongly above $188 and closes a daily candle above, we could see a quick run towards $210. Ideal for both short-term traders and holders looking to accumulate before a potential bull run.
My technical analysis:
Strong technical support: $165 - $170
Critical resistance zone: $188 - $200
On the daily chart, the price has bounced 3 times on the 50-day moving average
RSI at 60, still with room before overbought
Increasing volume in support zones = accumulation
If $SOL breaks strongly above $188 and closes a daily candle above, we could see a quick run towards $210. Ideal for both short-term traders and holders looking to accumulate before a potential bull run.
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