🚨 $SOL SOL/USDT RETRACES: Testing Critical Support at $225.06 – What’s Next? 🚨
Solana (SOL) is currently trading at $225.06, down -5.41%, after a rejection from a high of $264.39. Traders are closely watching for signs of consolidation or further correction.
💡 Key Levels to Watch:
Resistance: $264.39 – A breakout above this level could reignite bullish momentum, targeting $271.61 and higher.
Support: $165.72 – If SOL fails to hold above $225, a deeper correction toward this level could occur.
📉 Bearish Scenario: Continued selling pressure might drive SOL toward $200 or even $165.72, testing its key support zones.
🚀 Bullish Scenario: A recovery above $240 could build momentum for another push to retest $264.39 and potentially break higher.
💡 Trading Tip: Monitor volume and market sentiment. Use stop-losses to manage risk, as SOL remains in a volatile phase.