$SOL Key Levels and Strategy

Chart Analysis

• Current Price: $220, reflecting a 3.80% gain.

• Moving Averages:

• MA(7): $199.36 — indicates short-term bullish momentum.

• MA(25): $211.29 — price above MA(25), confirming a bullish trend.

• MA(99): $168.06 — long-term trend remains upward.

• Volume: Recent significant trading volume supports the price increase.

Key Levels

• Resistance: $264.39 is a key resistance point. Breaking above it would confirm strong bullish momentum.

• Support: $211.46 serves as the current support level. If this level is breached, a pullback to $170.55 could follow.

Indicators

• Recent price action and trading volume suggest a potential breakout above $222.14 (24-hour high).

• Sustained movement above MA(7) and MA(25) reinforces the bullish outlook.

Strategy

• Buy Signal: Consider entering near $221.55, with a stop-loss placed below $211.46 to limit downside risk.

• Target: Aim for the resistance level at $264.39.

• Caution: Refrain from buying if the price dips below $211.46 or if trading volume decreases.

Bullish indicators and trading volume make buying SOL around $220 a potentially profitable opportunity, with a target of $264