Solana ($SOL ) is navigating a period of significant consolidation and cautious recovery, currently trading around the $124 to $127 mark. While the coin has faced a downward trend in the final quarter of the year, recent market activity shows a slight relief rally as it holds firmly above critical support levels. Technical indicators like the RSI are sitting in a neutral zone, suggesting that the market is waiting for a decisive move. Institutional interest remains a strong backbone for the asset, with ongoing developments in DeFi and potential ETF influences providing a long-term bullish outlook despite the immediate short-term volatility.
Trading Strategy & Targets
If you are looking for specific levels to watch for your trades today, here is the breakdown of the entry, exit, and future targets:
Entry Point (Buying Zone): The ideal entry area is between $122 and $125. Entering near the $120 support level offers a safer risk-to-reward ratio if the price dips slightly further before a bounce.
Exit / Stop Loss: To protect your capital, a stop loss (SL) is recommended around $118. If the price breaks below $120 decisively, it could slip toward $110.
Short-Term Target (Take Profit 1): The first major hurdle is at $133 - $135. You should look to book partial profits here as this is a strong resistance zone.
Medium-Term Target (Take Profit 2): If $SOL breaks and stays above $135, the next objective is the $145 - $160 range.
Future Potential (Where it can go): Looking ahead into early 2026, analysts suggest that if the current recovery sustains and the broader market turns bullish, Solana has the potential to retest $200 and eventually aim for the $230 - $260 milestone.#solana #Market_Update
