Solana ($SOL) has been consolidating inside a symmetrical triangle pattern on the 4-hour chart, suggesting a potential breakout.

The immediate support level is identified at $192, with resistance at $193. A decisive move above $192.25 could propel #solana towards the psychological barrier of $200, while a decline below $191 could lead to a pullback to $180 or lower.

Additionally, SOL has been trading above its 50-day and 200-day Exponential Moving Averages (EMAs), indicating sustained bullish momentum. The convergence of these EMAs with the current price suggests that a significant price move could be imminent.

Traders should monitor these key levels and moving averages closely as they will provide insights into SOL’s possible price direction in the near term.

Final considerations:

Do your own research on the market before making any purchase, it is a very volatile and unpredictable market

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