Key Levels:
- Range: $185 (Support Zone) to $210
- Critical Dip Level: $185 (Below this, a bearish trend may start)
- Resistance Levels:
- R1: $210 (Bullish movement above this level, target $215)
- R2: $215+ (Indicates strong bullish momentum if breached)
Scenario Analysis:
Bullish Case:
1. If SOL breaks above $210 (R1), the price could move toward $215, signaling further bullish strength.
2. Sustaining above $215 (R2) could push SOL to higher targets like $225 or $230, depending on volume and momentum.
Bearish Case:
1. If SOL drops below $185, it might trigger a bearish trend, with a potential dip toward $165.
2. A breach of $165 could signal a deeper correction, depending on broader market conditions.
Neutral Case:
- If SOL consolidates between $185 and $210, it indicates indecision, and a breakout on either side will determine the next trend.
Trading Tips:
- Bullish Strategy: Enter above $210 with a target of $215-$225.
- Bearish Strategy: Short below $185 with a target of $165.
- Always use stop-loss orders to manage risk, especially in volatile markets.
