The $SOL pair has climbed 6.17% to reach $198.93, showing strong bullish momentum. With a 24-hour high of $198.93, the price is approaching a critical resistance level, and traders should watch closely for a potential breakout.
Targets:
1. Target 1: $200.50 – A near-term resistance zone to test.
2. Target 2: $205.00 – A potential level if the breakout sustains.
3. Target 3: $210.00 – A longer-term bullish target.
Stop-Loss:
Set at $190.00 – To manage risk if a pullback occurs.
Trading Insight:
If SOL breaks above $199.00 with increasing volume, it could rally toward the targets mentioned. However, failure to maintain support near $195.00 may trigger consolidation or a minor retracement. Traders should monitor these key levels and adjust their positions accordingly to maximize profits and minimize risks.
