SOL is exhibiting strong bullish momentum, currently trading at approximately $193.18, reflecting a 0.93% increase from the previous close.

The 24-hour high stands at $198.82, indicating that the price is approaching a critical resistance level. Traders should monitor this level closely for a potential breakout.

Targets:

1. Target 1: $200.50 – A near-term resistance zone to test.

2. Target 2: $205.00 – A potential level if the breakout sustains.

3. Target 3: $210.00 – A longer-term bullish target.

Stop-Loss:

Set at $190.00 – To manage risk in case of a pullback.

Trading Insight:

If SOL breaks above $199.00 with increasing volume, it could rally toward the targets mentioned.

However, failure to maintain support near $195.00 may trigger consolidation or a minor retracement.

Traders should monitor these key levels and adjust their positions accordingly to maximize profits and minimize risks.

Cryptocurrency markets are highly volatile.

It's essential to conduct thorough research and consider your risk tolerance before making trading decisions.