#SOL Technical Analysis: Key Highlights

Current Market Position

SOL trading around $210-216, critical juncture with bearish indicators (Fear & Greed Index at 43) but technical setup suggests healthy retracement phase.#tradingtechnique

Key Levels to Watch

- *Support Zones:* $216 (0.382 Fibo), $205 (0.5 Fibo), $193 (0.618 Fibo + EMA 100), $177 (0.786 Fibo)

- *Resistance Targets:* $221, $230 (0.236 Fibo), $253 (previous cycle high)

Market Context

- *Resilience:* 997% gain since early 2023

- *Ecosystem Vitality:* Meme coins drove 60% of Solana DEX activity, record trading volumes

Trading Scenarios

- *Bullish:* Maintain support above $209-216, expect bounce toward $221-230, potential retest of $253

- *Bearish:* Break below $209, drop to $193, further downside to $177 if $193 fails to hold

The Bottom Line

SOL remains structurally bullish, key inflection point at $209-216. Hold above = continuation higher. Break below = deeper correction to $193.

#SOL #Altseason #CryptoAnalysis #TradingView