🟣 Is SOL preparing for a breakout?
SOL is currently trading around $122, up more than 4% in 24h. After rebounding from a recent low zone, the price is showing renewed buying pressure.
📊 The key zones I’m watching:
• $116–120: nearby support zone
• $144: a level that needs to hold if you want to maintain the upward momentum
• $164: important resistance
• If there is a breakout and a clear candle close above $164, the next zone the market may pay attention to is $190.
What’s notable is that SOL is still quite far from its ATH of $294.33, so the recovery story is still big if capital flows back into altcoins. However, the distance to the ATH doesn’t mean the price is guaranteed to return there.
⚠️ The opposite scenario: if SOL loses the support zone and drops below $116, the short-term bullish setup will weaken significantly.
I won’t FOMO in the middle of the range. Personally, I’ll watch how the price reacts as it approaches $144 → $164 before assessing the next step.
Do you think SOL can break $164 in this round? 👀
#SOL #Solana #Crypto #BinanceSquare #Altcoin #Trading
SOL is currently trading around $122, up more than 4% in 24h. After rebounding from a recent low zone, the price is showing renewed buying pressure.
📊 The key zones I’m watching:
• $116–120: nearby support zone
• $144: a level that needs to hold if you want to maintain the upward momentum
• $164: important resistance
• If there is a breakout and a clear candle close above $164, the next zone the market may pay attention to is $190.
What’s notable is that SOL is still quite far from its ATH of $294.33, so the recovery story is still big if capital flows back into altcoins. However, the distance to the ATH doesn’t mean the price is guaranteed to return there.
⚠️ The opposite scenario: if SOL loses the support zone and drops below $116, the short-term bullish setup will weaken significantly.
I won’t FOMO in the middle of the range. Personally, I’ll watch how the price reacts as it approaches $144 → $164 before assessing the next step.
Do you think SOL can break $164 in this round? 👀
#SOL #Solana #Crypto #BinanceSquare #Altcoin #Trading
