The recent crypto market pullback has created both risks and opportunities. Solana $SOL has managed to hold above the $200 mark despite heavy selling pressure across the market. This shows that demand for $SOL remains strong, especially given its high network activity and whale accumulation.
If $SOL can defend the $200–$206 support zone, a rebound toward $232 and potentially $260 is possible. However, a breakdown below support could trigger a sharper correction toward $150.
Strategy: Traders should look for confirmation before entering. A bounce from support may offer a good entry, while a breakdown requires caution and strict stop-losses.