Solana is trading around $254, showing strong bullish momentum but facing resistance near $260–$262. The price is moving within an ascending channel, indicating a continuation of the uptrend, but corrections are possible.
Key Levels to Watch:
Resistance Zone at $260–$262 – A breakout above this could push SOL toward $280 and potentially $300.
Support Levels:
$240 – Immediate support within the channel.
$216 – Strong support if a deeper correction occurs.
RSI Insights:
The RSI suggests momentum is cooling off slightly, signaling a potential pullback before the next upward move.
Strategy:
For Traders
Look for a breakout above $262 with strong volume for confirmation. Alternatively, accumulate near $240 for a low-risk entry.For Holders
Stay patient and monitor the $216 level for long-term opportunities.
Solana’s trend remains bullish, but short-term corrections could offer better entry points. Keep an eye on key levels and channel dynamics! 🌟
#SOL #Altcoins
