Hey, Fitpeeps! 🌟 Let’s take a closer look at Solana’s (SOL) daily chart and where it’s headed next. Right now, SOL is trading around $154, showing some interesting movements that hint at a potential breakout. Let’s break it down!

📊 Current Chart Overview

  • SOL/USDT is testing resistance near the $161 - $172 zone (highlighted in red). This level has been a significant barrier for SOL in recent weeks, making it a key area to watch.

  • On the downside, the primary support levels sit around $135, $127, and $120 (highlighted in green). These levels have held up well in the past, offering strong buying interest.

âźïž Previous SOL Moves: A Recap

Earlier this year, SOL reached highs of around $193, but it faced heavy resistance there, leading to a downturn that brought it below the $125 mark. The current rally started in mid-September, where SOL bounced back from the $120 support, indicating strong buyer interest at lower levels.

Now, SOL is eyeing a retest of the $161 - $172 resistance. If it breaks through this zone, we could see it aim for the $180+ levels, suggesting an upside potential of 10-15% from the current price!

🚀 Potential Next Moves for SOL

  1. Break Above $172:

    • A strong breakout above this level, accompanied by high trading volume, could push SOL towards the $180 - $190 range.

  2. Pullback to Support:

    • If SOL gets rejected around $161 - $172, it may pull back towards the $135 - $127 zone, providing a potential re-entry point for buyers.

  3. Key Indicator – Volume:

    • Keep an eye on the trading volume. A significant rise will confirm the momentum behind the move, making the breakout more sustainable.

💡 Fitpeep’s Trading Strategy

  • Watch the Resistance: If SOL successfully breaks above $172, it’s a solid sign for bulls. Set a tight stop-loss just below the breakout to manage your risk.

  • Buy the Dips: In case of a pullback, look for buying opportunities around $135 and $127. These levels have proven to be reliable support zones.

  • Stay Risk-Aware: Always use stop-losses and adjust your risk according to market conditions.

🔔 Final Thoughts & Call to Action

SOL is approaching a crucial level! Will it break through or retrace back to support? Either way, opportunities are brewing for both breakout and dip traders. So, keep an eye on the charts, and let’s capitalize on the next big move together!

👉 Follow Fitpeep for more real-time updates and insights on SOL and other top-performing coins! Let’s keep the profits rolling, fam! đŸ’Ș🚀