๐จ $SOL /USDT: Eyeing a Breakout โ Is a Surge to New Highs on the Horizon? ๐จ
Solana ($SOL ) has been displaying steady bullish momentum, currently trading at $224.81 on the 15-minute chart. The price recently touched a 24-hour high of $226.64, and it's approaching a key resistance level at $226.80. A breakout above this resistance could propel SOL toward higher targets of $230.00, $233.00, and $236.00, as buying pressure increases.
For traders looking to enter, $224.50 serves as an optimal entry point, with a Stop Loss placed at $222.00 to manage downside risk. On the downside, if the price loses support at $222.00, a retracement toward $218.00 may be on the cards.
With RSI indicating moderate strength, SOL appears poised for its next decisive move. Keep an eye on these critical levels as volatility is expected to rise.