$SOL is showing signs of recovery after a slight dip over the weekend, with the price briefly dropping to around $121. Currently, it's trading at $134, and technical indicators are suggesting a potential rally. The price could see further upside, with projections expecting it to hit $161.39 by mid-September, especially as the Relative Strength Index (RSI) indicates a possible bullish reversal. Meanwhile, increasing volume supports this potential upward move, though the broader market volatility still casts some caution. Be prepared for swings but watch for key support levels as $SOL could break higher in the coming days.
For traders, a careful entry around $134 might be considered, aiming for targets above $150, while keeping an eye on potential support around $130 for a safer stop loss placement.
