$SOL Analysis and Prediction
Technical Outlook: $SOL continues its bullish momentum, reclaiming levels near $200 after a sharp rally from $186.50. The token is showing strong upward pressure, with buyers defending key levels and aiming to test psychological resistance at $200.
Key Levels to Watch:
Resistance: $200.00 (Critical psychological and technical resistance; breaking above could target $210)
Support: $190.00 (Immediate support zone; failure to hold may lead to a correction toward $186)
Trading Signal:
Long Entry Zone: $192.00 - $197.00
Targets:
Target 1: $200.00
Target 2: $210.00
Stop Loss: Below $188.00
Market Behavior: SOL’s consistent uptrend, coupled with strong volume, indicates buyer dominance. However, traders should remain cautious near $200 as it represents a significant resistance. A breakout above this level would confirm the continuation of the bullish trend.
Actionable Strategy: Traders can look to enter on pullbacks near $192-$197 for a safer entry point. Partial profits near $200 are recommended, while holding for $210 in case of a breakout.