$SOL /USDT Technical Analysis - Binance

📊 Current Price: $196.63 (-1.69%)

⏰ Timeframe: 30m

Analysis & Targets

Solana ($SOL ) is consolidating after testing resistance at $200. Here are the key levels to watch:

1️⃣ Target 1: $198.50

Immediate resistance from recent price activity.

A breakout above this level signals potential for short-term gains.

2️⃣ Target 2: $200.50

Psychological and key resistance aligned with the 24-hour high.

Strong bullish momentum required to break and sustain this level.

3️⃣ Target 3: $205.00

Major resistance level. A clear breakout could initiate a bullish rally.

Strategy

📈 Bullish Case: Monitor for a breakout above $198.50 with partial take-profits at each target.

📉 Bearish Case: If SOL drops below $195.00, expect a retest of $192.00 as support.

⚠️ Risk Management:

Place stop-loss at $194.00 to minimize downside risk.

Position sizing should reflect volatility near $200 resistance.

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