Solana is consolidating near $201 after rejecting from the $217 zone. Price is now approaching the $197–192 demand zone, which aligns with the Fib 0.5–0.618 retracement and the 200 EMA ($194) — a strong confluence for a potential bounce.
The Stoch RSI is oversold, suggesting momentum could shift bullish if buyers step in at these levels. A clean hold above the $196–192 support box could send SOL back toward $217 resistance, with an eventual breakout opening the path toward $225–230.
However, a breakdown below $192 risks deeper retracement into the $186 zone (Fib 0.786) before bulls can regroup.
📌 Key Levels to Watch:
Support: $197–192 (golden pocket), $186 (0.786 Fib)
Resistance: $217, $225–230 extension
⚡ Follow for more chart breakdowns & trade setups.
The Stoch RSI is oversold, suggesting momentum could shift bullish if buyers step in at these levels. A clean hold above the $196–192 support box could send SOL back toward $217 resistance, with an eventual breakout opening the path toward $225–230.
However, a breakdown below $192 risks deeper retracement into the $186 zone (Fib 0.786) before bulls can regroup.
📌 Key Levels to Watch:
Support: $197–192 (golden pocket), $186 (0.786 Fib)
Resistance: $217, $225–230 extension
⚡ Follow for more chart breakdowns & trade setups.
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Explore 5,000 Strategies at quanttradingpro.com
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Search by indicators like Supertrend, Ichimoku, macd.
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We provide education & tools.
Search for the most profitable, lowest risk by symbol!
Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
We provide education & tools.
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.