šØ $SOL SOL/USDT ALERT: Testing Crucial Resistance with Potential for a Breakout! šØ
Solana (SOL) is trading at 218.73, marking a modest gain of +2.74%. The price is consolidating near a key resistance level after a strong upward move, signaling potential for the next big move.
š” Key Levels to Watch:
Resistance: 225.21 ā Breaking this level could drive SOL toward 230 and beyond.
Support: 196.81 ā A drop below this level could signal a pullback to 180.
š Trade Setups:
Long Entry: Above 225.21 | Targets: 230, 240 | Stop Loss: 220
Short Entry: Below 196.81 | Target: 180 | Stop Loss: 205
š Market Insight:
SOL is showing strong buying pressure but faces resistance near its recent highs. If it breaks out, momentum could attract more buyers. However, traders should remain cautious and wait for confirmation before entering.