In recent hours, Solana (SOL) has shown resilience in a context of moderate volatility, remaining above $190 and its 100-hour simple moving average. Buying pressure remains active, and the market is closely watching critical resistances that could signal the start of a new bullish momentum.
Current technical context
After finding solid support at $185, SOL bounced back and surpassed key levels of $192 and $200 before slightly retreating.
Currently, the price is consolidating above $190, while the hourly MACD remains in positive territory, although with a slight loss of momentum.
The hourly RSI is below 50, indicating that the market is still assessing whether to regain buying strength or seek liquidity lower down.
Immediate resistance is located at $198, followed by the psychological barrier of $200 and the major ceiling at $202.
Keys for traders
1. Bullish scenario: A close above $202 would confirm a technical break, opening the way to $210 and, in extension, to $218–$220.
2. Bearish scenario: A loss of $192 could enable a pullback to $188 and, if broken, to $180–$175, where medium-term supports are located.
3. Tactical accumulation zone: Between $190 and $192, with a stop adjusted below $188, taking advantage of the current consolidation range.
Strength factors in SOL
High institutional participation in the network and growing adoption in DeFi and NFT.
Robust liquidity that facilitates quick entries and exits in intraday trades.
Market structure still in a medium-term bullish trend, despite occasional pullbacks.
Operational conclusion
Solana is at a decisive moment. If it manages to break with volume through the $202 zone, the scenario shifts towards a technical rally that could project to $220 in the short term. For active traders, this is a point of strategic watch, where risk management and patience will be as important as the opportunity itself.
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