$SOL Bulls Eye $240 Resistance

The latest analysis of SOL reveals that bulls are maintaining their momentum, but the $240 resistance level poses a significant challenge. The 1-hour chart indicates a bullish trend, with key technical indicators suggesting potential upside. 

Traders should keep an eye on critical support levels at $217.82, $217.58, and $217.57, which have historically attracted buyers. A pullback to the 9 EMA around $230.95 could present an ideal entry point for long positions, targeting the $240 resistance. 

However, caution is warranted as overbought conditions may lead to a corrective pullback. Short sellers might find opportunities if the price struggles to break above $240, especially if bearish divergence appears in the RSI or MACD.

Stay informed and ready to capitalize on potential market movements! #Solana #CryptoTrading #SOLUSDT #Solana #TrendingInvestments