General information

Solana (SOL) is one of the leading blockchain platforms, known for its speed and low fees. It is actively used for DeFi, NFTs, and other decentralized applications. At the time of analysis, Solana is trading around $218, showing strong growth momentum after the correction at the beginning of the month. The project is actively developing its ecosystem, which supports investor interest#.

Development scenarios

  1. Bullish scenario (growth):

    • If the current uptrend and overall positivity in the crypto market continues, SOL may test the $230 level and then $250.

    • Increased interest in the Solana ecosystem, including NFT and DeFi projects, will support further growth.

  2. Bearish scenario (fall):

    • If the support at $210 is broken, the price may fall to $190–$180, which will be associated with a correction after the current rally or general market volatility.

  3. Consolidation scenario:

    • If the price stays in the $210–$230 range, this could be a signal to accumulate positions in anticipation of the next wave of growth.

Trading Strategies

Entry points:

  • Conservative approach: Buy around $210–$215 when support is tested.

  • Aggressive approach: Enter on breakout of $230 with the aim of fixing the move to the next resistance.

Exit points:

  • Short term targets: $230 and $250 to lock in profits.

  • Medium term targets: $280 if overall market conditions improve.

Stop Losses:

  • Moderate Risk: $205 level to minimize losses if trend changes.

  • High Risk: $195 to protect against large losses.

Conclusion

Solana remains a promising coin due to its scalability and growing ecosystem. However, it is important to consider market volatility. Investors are advised to use stop losses and not exceed acceptable risks in anticipation of potential growth.

#SOL $SOL