📢 Technical Analysis for $SOL – Daily Frame

📍 Current Price: $199.7

🔸 Solana is moving within a symmetrical triangle pattern and facing significant resistance around $205 – $210, which coincides with the 50-day moving average.

🔸 The strong support area is at $170 – $157, which is a previous rebound zone where the price has bounced multiple times.

🔸 The RSI indicator is trying to move out of the neutral zone but still needs stronger momentum to confirm the trend.

🎯 Positive Scenario:

– Clear breakout and stability above $210

– Potential targets: $230 – $250 – $270

❌ Negative Scenario:

– Breaking support at $170 with a daily close

– Potential targets: $157 – $145 – $130

📌 Advice: It's best to wait for confirmation of the breakout or breakdown before any new entry, as movement within the triangle may remain somewhat volatile.

⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.

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