Yello, traders! Is #Solana’s impressive rally losing steam, or are we gearing up for the next major leg up?
💎$SOL after breaking out of a 240-day accumulation range in November, the charts are hinting at a crucial retest that could determine the trajectory for months to come.
💎Right now, Solana is holding moderate support at $220, but the spotlight is on the strong retest support zone between $205–$195. This region is not just the breakout area but also reinforced by the 50-Day Moving Average, making it a fortress of supports. If the price holds here and delivers a strong bounce, we could see the foundation laid for another significant bullish run.
💎On the flip side, Solana faces its first major resistance around the $245–$260 range, where recent highs are acting as a barrier. A clean breakout above this region would signal renewed strength and set the stage for a march toward the next strong resistance zone between $310 to $320 levels. This is where strong profit-taking is likely to come into play.
As always, patience and discipline are key, Paradisers. Stay focused on the levels, avoid emotional decisions, and stick to your strategy.
