Technical Analysis
Recent move: Price surged near $250, but pulled back; last 4H candle closed bearish.
Volume: Declining alongside price → signals weaker momentum.
MACD: Negative, but bars shortening → bearish pressure is fading.
KDJ: At 4, deeply oversold → potential rebound zone.
Key levels (BOSS Wallet):
Support: $231
Resistance: $250
Buy zones: $226 – $233
Long SL: $231.84
Sell zones: $250 – $250.82
Short SL: $249.6
🔹 Fundamentals
Institutional interest: Pantera Capital increasing SOL exposure.
On-chain strength: $193M app revenue in August, showing robust ecosystem growth.
Analyst outlook: Some targets extend up to $500 long term.
🔹 Short-Term Scenarios
✅ Bullish case: If $SOL breaks $250 with strong volume, target $260+.
❌ Bearish case: Failure to break $250 may trigger a pullback toward $232 → $214.
⚖️ Key factor: Volume confirmation → without it, breakouts likely false.
📊 Current price (SOLUSDT Perp): $237.43 (-2.05%)
👉 Traders may watch for volume spikes near $250 or support holds at $231–233.