$SOL $SOL

SOL/USD Analysis: Is $236.59 the Start of Solana’s Next Big Move?

Solana (SOL/USD) is trading at $236.59, keeping traders and investors on high alert as it inches closer to a potential breakout. The key resistance at $245 is the level to watch—breaking above it could ignite a rally toward $260 and beyond. On the downside, critical support lies at $225, offering a potential entry point for dip buyers.

Entry Strategies to Consider

Breakout Entry: Enter long if SOL closes above $245 with strong volume, targeting $260–$270. Set a stop-loss at $235 to manage risk.

Pullback Opportunity: Buy near $225 if the price dips, aiming for a rebound to $245, with a tight stop-loss below $220.

What the Indicators Say

The RSI is nearing overbought levels, signaling strong momentum, while bullish moving averages suggest the uptrend remains intact. Trading volume is picking up, hinting at growing market interest.

As Solana solidifies its role in DeFi and NFTs, its fundamental growth aligns with this technical setup. At $236.59, Solana sits at a pivotal point—will it break resistance and soar, or will it retest support before making its next move? Either way, the market is ripe for action, and this could be the perfect time to seize the opportunity.

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