SOL Surges Above $200: Bulls Eye $225-$235 Targets!

SOL/USDT Chart Analysis
Bullish reversal confirmed: SOL has reversed strongly from the $180 support level, breaking above the key equilibrium zone with solid momentum.

Current price: $201.90.

Key levels:

• Support: $180 (strong base established from the reversal).
  
• Resistance:
  
• Immediate: $215 (next hurdle for further continuation).
  
• Target: $225-$235 range (bullish extension if momentum persists).
  
• RSI: Momentum is building from oversold conditions, aligning with the recent price breakout.
  
• Volume profile: Increasing buy volume supports the bullish continuation, with order blocks reinforcing this trend.
  

Trade setup:

• Entry: Current level ($201.90) or on a pullback toward $190-$195.
  
• Target: $225-$235 range (bullish extension zone).
  
• Stop loss: Below $180 to limit downside risk.
  
• Risk-to-reward: Favorable setup with a strong structural break and defined levels.
  
• Confidence level: 8/10 for bullish continuation.
  

Considerations:

• Volume confirmation: Ensure sustained buy volume to support the continuation toward $225-$235.
  
• Resistance test: Monitor price action near $215 for potential consolidation or rejection.
  
• Pullback opportunities: Watch for a retest of $195-$200 to enhance entry precision.
  

This setup highlights a robust bullish structure with clear targets and strong support at $180, making it a high-confidence trade.