SOL at $202 — Is This the Takeoff or Just a Break Before the Dip? 🌕
Solana (SOL) is on the move again!
📈 In the past 24 hours, it's climbed from a low of $191.25 to a high of $204.80 — that’s a solid +5.4% jump.
But what does this mean? Are we going straight to $240+, or is a dip coming first?
Let’s Break It Down Simply:
📊 Current Price: $202.03
📈 Trend: Still bullish — SOL has been making higher highs and higher lows.
Resistance Levels to Watch:
$208 – mild resistance, needs to break with volume.
$215 – next hurdle.
$229–$231 – major sell zone where previous rally was rejected.
If SOL breaks $231 cleanly, next moon zone = $240–$248 🚀
Dip Zones If Price Pulls Back:
$195 – current short-term support (today’s bounce level)
$188 – previous breakout point
$176–$180 – heavy demand zone, where SOL has bounced strongly before.
Chart Clues:
MA(7) is $189.78, and price is well above it — meaning it’s still in strong momentum.
Order book is almost 50/50, showing a tug-of-war between buyers and sellers.
RSI likely approaching overbought soon → a healthy dip could come before next leg up.
Easy Strategy for Now:
If you're holding:
Consider selling a part near $229–$240, especially if it slows near $208–$215.
If you want to buy dips:
Best dip entry = $188–$180 range
Watch BTC too — if BTC drops, SOL could dip with it.
Summary:
Today’s Action: Jumped from $191 → $204
Now Trading: Around $202
Next Move?
Break $208 = fast run to $225+
Drop below $195 = dip to $188 likely
Be patient, trade smart. This could just be the calm before the rocket or the rest stop before a retest.
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