SOL 4H – Retesting $209, Breakout or Pullback?

Solana has maintained a clean ascending trendline since late July, with price now stalling under the $209.66 resistance. This level rejected earlier in August, making it a critical pivot for continuation.

Bullish case: A breakout and 4H close above $209.66 could trigger momentum toward $220–225 short-term. The higher timeframe uptrend remains intact as long as the trendline holds.

Bearish case: A rejection here would likely send price back to the $185–195 support zone, where both the trendline and demand overlap. A bounce there could confirm a higher low and preserve bullish structure.

Stoch RSI is nearing the upper band, showing momentum is stretched but not fully exhausted. Traders will want to see whether buyers can sustain pressure or if a corrective dip sets up the next higher-low entry.

Key levels:

Resistance: $209.66 → breakout target $220–225

Support: $185–195 (confluence with trendline)

Trendline: Higher lows intact above $180

SOL sits at a decisive resistance; the next move will define whether this uptrend accelerates or pauses for a reset.