🚨 $SOL Consolidating – Major Move Ahead! 🚨
Solana ($SOL ) is trading at $228.38, slightly down by 0.24% in the last 4 hours. After hitting a 24-hour high of $229.94, SOL is consolidating near key levels, indicating a potential breakout or pullback.
Key Levels to Watch:
Immediate Support: $220.00
This is a critical level to hold. A drop below this could push SOL lower to test deeper support zones.
Major Resistance: $229.94
Breaking above this resistance could ignite bullish momentum toward higher targets.
Three Targets for Traders:
1. Target 1: $235.00 – A short-term resistance zone for profit-taking on an upward breakout.
2. Target 2: $240.00 – A key level confirming continued bullish momentum.
3. Target 3: $246.77 – A retest of the recent high and a potential new rally milestone.
Trade Setup:
Long Entry: Above $229.94, targeting $235.00, $240.00, and $246.77.
Short Entry: Below $220.00, targeting $215.00 and $210.00.
Stop Loss: Place at $225.00 to minimize downside risks.
SOL is at a critical juncture; stay sharp for signs of a breakout or further consolidation.