$SOL The upward momentum continues - a major resistance in the way!
Price: $197.68 (+9.11%)
SOL shows impressive upward momentum after breaking through the previous level. The price is currently consolidating near the major resistance, and the next step may see a strong push or a potential pullback.
Key levels to watch
• Resistance: $198.00 - a breakthrough above this level could push SOL towards $200.00 and $204.00.
• Support: $197.00 - if this level is held, it may maintain bullish sentiment. A break below this level could target $190.00 and $185.00.
Trade Setup
• Bullish Entry: Confirmed move above $198.00:
• Target 1: $200.00
• Target 2: $204.00
• Bearish Entry: Break below $197.00 could target:
• Target 1: $190.00
• Target 2: $185.00
Watch the price action closely, and consider adjusting stop-loss orders to minimize risk.
