$SOL is showing some thrilling movement.
It is at a critical point and breaking out of the current channel can trigger a strong bullish rally.
Let's dive into the key details for traders and investor.
Key Zones to Watch.
1. Buy Zone.
Look for entries between $140 - $150.
This zone is safe for accumulating as long as SOL holds above support levels.
2. Targets.
Short-term Target. $165
Mid-term Target. $180
Long-term Target. $200+ (if momentum continues after the breakout).
3. Stop Loss (Risk Management).
Place a stop loss at $135 to minimize risks.
A close below this level might indicate weakness or false breakout.
Technical Insight.
SOL has been moving within a parallel channel.
A breakout above resistance can signal a new uptrend.
The breakout will confirm with strong volume and a clean close above the channel.
What to Watch Next.
Breakout Confirmation. Watch for SOL to break above resistance with a daily close.
Volume Spike. A surge in volume during the breakout will strengthen the bullish scenario.
Final Thoughts.
Solana has the potential for a thrilling run if the channel breakout happens.
Stay alert manage risks and enjoy.
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