$SOL As of December 19, 2024, Solana (SOL) is trading at approximately $208.67, reflecting a 3.86% decrease from the previous close.
Recent price movements have seen SOL reaching an intraday high of $218.58 and a low of $199.23
Technical Analysis suggest that if SOL maintains support around the $200 level, it could resume its upward trajectory, potentially targeting previous highs around $230.
However, a breach below this support may lead to further declines, with the next significant support level around $190-184.
Given this analysis, traders might consider setting a stop-loss order slightly below the $190 support to mitigate potential losses.
For profit targets, aiming for the $230 resistance level could be prudent.
As always, it's essential to conduct thorough research and consider market volatility when making trading decisions.