SOL surged strongly to $201, breaking key resistance, with a bullish outlook ahead
Key Levels:
Resistance: 201.85 — Once this point is broken, the price is expected to continue rising to 205 or higher.
Support: 193.82 — Staying above this support level is crucial for maintaining the upward trend.
Trading Suggestions:
Bull Entry: Around 201
Target 1: 205
Target 2: 210
Stop Loss: 194
Market Analysis:
The trading volume of SOL shows strong buying power, pushing the price above key levels. Although there may be short-term pullbacks or consolidations as the price approaches resistance, breaking this point is expected to further strengthen the bullish momentum. It is advisable to pay attention to the trend after the breakout and use tight stop losses to manage risk.
