Solana builds momentum from key support: Is $206 within reach?
Main Idea
Solana (SOL) is gaining bullish momentum with support from whale and retail investors, potentially targeting the $206 resistance level.
Key Points
1. Solana (SOL) is accumulating bullish momentum after bouncing off a key support level around $155.
2. Whale addresses have been accumulating SOL at current trading prices, and retail trader volume (positions under $1 million) has surged significantly.
3. The next major resistance level for SOL is $206, where sellers previously overwhelmed buyers.
4. The Stochastic RSI indicates a bullish outlook for SOL in the market.
Description
Solana's rally gains momentum since its recent bounce from a golden zone as whales and retail buy in.
$SOL
$174.34
+3.15%
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