Solana prices jump 18%: SOL surged to around $183.37, driven by recent technological upgrades (Firedancer) and increasing institutional interest. RSI remains in neutral territory.



Bullish signals building: Market analysts note rising buying pressure and smarter derivatives activity, suggesting SOL could break above the $190 level imminently.

Extremely aggressive bullish projection: Some technical forecasts expect a massive breakout, with SOL potentially aiming for a target as high as $10,000 based on long-term chart patterns. However, such speculation should be approached with caution.

Solana Price & Chart Snapshot

Current Price: ~$174.79

Today’s Range: High ~186.61, Low ~173.53

Trend: Recovering from mid-$160 support; positive but not overbought.

Technical Analysis & Levels to Watch

Support & Resistance

Support Zone: Around $160-$165, anchored by the 100- and 200-day EMAs. Holds above this area have spurred recent bullish moves.

Immediate Resistance: Near $180, with breakouts potentially targeting $182–$195.

Extended Targets: A decisive move above $195 could pave the way toward $205.

Chart Patterns & Indicators

Inverse Head and Shoulders: A daily chart pattern suggests bullish reversal; breakout above the neckline could project a rally toward $247.71 in August.

Cup and Handle: A longer-term breakout above $200 could validate a “cup and handle” setup with aggressive upside targets up to $1,315. Bear in mind, this is a high-risk scenario.

Wave & Trend Studies: Wave analysis suggests a continuation upward toward $180, showing broad bullish bias.

Technical Report: A support bounce from $160 could signal upswing continuation.

Short-Term Trade Suggestion

Bullish Scenario (Aggressive)

Entry: On a daily close above $180–$182, enter a long position.

Target: Gradually scale out between $182 and $195, with optional stretch target around $205 if momentum is strong.

Stop Loss: Place stop below $160-$165 to guard against breakdown.

Conservative (Lower-Risk)

Entry: Wait for a bounce off $160-$165 region confirming support.

Target: Ride the rebound toward $175-$180, then reassess.

Stop Loss: Just below $160.

#solana# - #signal#
SOL-2.17%
IN-2.1%
NOT-2.02%
MOVE-2.27%
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CryptoLoverArtistvip
· 11h ago
I myself bough $1000 worth of SOL. i only recommend what I do myself
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