🚀 $SOL Analysis: Can Solana break the $200 resistance? Find out the next move!
Solana ($SOL) is currently the hottest topic in the market. After a few days of consolidation, a strong 'Bullish Pennant' pattern is emerging on the charts. 📈 Here are the key points you should keep an eye on: 1️⃣ Support and Resistance: $SOL is currently trading between $185 - $190. For this, $210 is a very strong psychological resistance. If the daily candle closes above it, we could see a new high of $240+. 2️⃣ On-chain Data: Trading volume on the Solana network is continuously increasing. Network fees are being burned due to meme coins and DEX activity, which makes $SOL bullish in the long term. 3️⃣ RSI Indicator: The RSI on the daily timeframe is currently around 60, which means there is still plenty of room to grow. My Trading Strategy: Entry: Any dip around $180-$185 could be a good buying opportunity. Stop-Loss: Risk may increase if closing is below $168. Targets: $210, $235, and $250. ⚠️ Warning: This is not financial advice. Please do your own research (DYOR). The crypto market is very volatile. What do you think? Will Solana surpass $200 this week or will it correct again? Share your thoughts in the comments below! 👇 #Solana #CryptoAnalysis #Write2Earn #MarketUpdate \(SOL\) BTC Tips for Posting: Add Widgets: Make sure to add a live chart of $SOL by clicking the 'Coin Widget' button below while writing the post. Use Images: If possible, attach a screenshot of a candlestick chart of Solana (4H or Daily). Timing: Post it when market volume is high (around 1:30 PM or 6:30 PM IST). Do you want posts on any other special coins (like $BTC or $PEPE)? A link is being created to share with everyone... Helpful Not Helpful Thank you for your suggestions.
Big warning: There could be a significant drop in the market The Fed (U.S. Federal Reserve) has just shared new data, and it is much worse than expected. This is a very bearish sign for the markets. What is happening right now is not normal.