Current price: $226.48 (-5.26%)
BEAR 🐻 (short-term)
Support and resistance levels
Support 1: $221.61 (24-hour minimum)
Support 2: $215.00 (psychological and Fibonacci correction level)
Resistance 1: $239.08 (24-hour maximum)
Resistance 2: $245.00 (key breakout zone)
Trading setup
Short-term trading momentum: bearish or neutral
SOL is trading near an important support zone with potential for a rebound or further.
Signal at $221.61; This is a retracement point to watch for, a breakthrough below may signal further decline.
Targets (🎯):
Target 1: $233.50 (initial resistance and retracement level)
Target 2: $239.00 (24-hour high resistance level)
Target 3: $245.00 (strong breakout zone)
,,Thoughts,, plus minus somewhere around:
For buyers: accumulate around $221–$223, if the price stabilizes, aiming for a recovery to $233 or higher.
For sellers: short around $226–$228 with targets $215–$218, if bearish momentum strengthens
