SOL $ is up 6.17% to $198.93, showing strong bullish momentum. With a 24-hour high of $198.93, the price is approaching a critical resistance level, and traders should keep a close eye on a potential breakout.

Targets:

1. Target 1: $200.50 – A near-term resistance area to test.

2. Target 2: $205.00 – A potential level if the breakout holds.

3. Target 3: $210.00 – A long-term upside target.

Stop Loss:

Set at $190.00 – To manage risk in case of a pullback.

Trading Insight:

If SOL breaks above $199.00 with increasing volume, it could rally towards the mentioned targets. However, failure to hold support near $195.00 could lead to consolidation or a minor bounce. Traders should monitor these key levels and adjust their positions accordingly to maximize profits and minimize risks.