The ever-evolving landscape of $SOL presents an exciting opportunity for traders who are following the ongoing primary long trend. Currently priced at $213.79 (-0.87%), Solana has recently broken through significant levels, signaling an optimistic outlook for its future. Here's why we're keeping an eye on Solana and why this long trend could be the next big thing!

Current Price Overview:

Current Price: $213.79 (-0.87%)

Resistance Zone: $225 - $230

Support Zone: $200 - $205

Trend: Primary Long

Key Levels to Watch:

Solana has recently made a powerful move, breaking through a weekly breakout level, confirming a long trend shift. This is a crucial moment in the market, with the daily impulse base acting as the foundation of this primary long trend. The market is setting its sights on $250 - $350 levels in the coming weeks, making it an exciting time to trade $SOL if the right conditions hold.

Price Action and Strategy:

The price action has been clear — Solana has surged past the previous daily breakdown, flipping the script and moving decisively into bullish territory. If the daily impulse base holds, expect Solana to continue its upward trajectory.

For Long Traders: The primary trend is bullish as long as the impulse base holds. Key levels to monitor are the support around $200 - $205, with $225 - $230 acting as the first major resistance to break.

Breakout Confirmation: A close above $230 could signal a more aggressive move towards $250 and even higher levels.

Stop Loss: For cautious traders, consider placing a stop loss just below $200 to protect against any sudden reversals.

What’s Next for $SOL?

There are whispers of a potential retest of the $200 support zone, but Solana's strength remains undeniable as long as the daily trend holds strong. With Solana’s price hovering near key structural levels, it could be ready to push even higher, aiming for those $250 - $350 levels in the near term.

Pro Tip:

For those looking to maximize potential gains, patience is key. A slight dip towards $200 could present a great buying opportunity before a potential surge toward $250 or beyond. Always monitor the impulse bases to stay grounded.

Remember: This analysis is based on market observations and not financial advice. Be sure to conduct your own research and trade responsibly!

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