Current Price: ~$248
Solana is currently trading within a bullish ascending channel on the daily timeframe. The overall mid-term trend remains positive, supported by higher highs and higher lows.
🔑 Key Levels
Support Zones:
$220 → psychological support and trendline retest
$200 → major structural support (critical level)
$180 → strong support in case of a deeper correction
Resistance Zones:
$290 → short-term resistance and potential rejection area
$370 → upper boundary of the channel and main bullish target
📈 Possible Scenario
Price may extend its rally toward $290.
A corrective pullback to the $250–260 range could follow.
If momentum holds, the next bullish target lies around $370 at the channel top.
⚠️ Risk Notes
As long as SOL holds above $200, the bullish trend remains intact.
Losing the $200 support could trigger a decline toward $180.
Risk management and stop-loss placement are essential due to possible short-term volatility.
📌 Summary
Solana maintains a bullish outlook while trading inside its ascending channel. The medium-term upside targets stand at $290 and $370, with key supports at $220–200. Short-term corrections are possible, but the overall structure favors further upside as long as $200 holds.
Solana is currently trading within a bullish ascending channel on the daily timeframe. The overall mid-term trend remains positive, supported by higher highs and higher lows.
🔑 Key Levels
Support Zones:
$220 → psychological support and trendline retest
$200 → major structural support (critical level)
$180 → strong support in case of a deeper correction
Resistance Zones:
$290 → short-term resistance and potential rejection area
$370 → upper boundary of the channel and main bullish target
📈 Possible Scenario
Price may extend its rally toward $290.
A corrective pullback to the $250–260 range could follow.
If momentum holds, the next bullish target lies around $370 at the channel top.
⚠️ Risk Notes
As long as SOL holds above $200, the bullish trend remains intact.
Losing the $200 support could trigger a decline toward $180.
Risk management and stop-loss placement are essential due to possible short-term volatility.
📌 Summary
Solana maintains a bullish outlook while trading inside its ascending channel. The medium-term upside targets stand at $290 and $370, with key supports at $220–200. Short-term corrections are possible, but the overall structure favors further upside as long as $200 holds.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.