Technical Analysis Report: Solana (SOL/USDT)

Current Price: ~$248

Solana is currently trading within a bullish ascending channel on the daily timeframe. The overall mid-term trend remains positive, supported by higher highs and higher lows.

🔑 Key Levels

Support Zones:

$220 → psychological support and trendline retest

$200 → major structural support (critical level)

$180 → strong support in case of a deeper correction

Resistance Zones:

$290 → short-term resistance and potential rejection area

$370 → upper boundary of the channel and main bullish target

📈 Possible Scenario

Price may extend its rally toward $290.

A corrective pullback to the $250–260 range could follow.

If momentum holds, the next bullish target lies around $370 at the channel top.

⚠️ Risk Notes

As long as SOL holds above $200, the bullish trend remains intact.

Losing the $200 support could trigger a decline toward $180.

Risk management and stop-loss placement are essential due to possible short-term volatility.

📌 Summary

Solana maintains a bullish outlook while trading inside its ascending channel. The medium-term upside targets stand at $290 and $370, with key supports at $220–200. Short-term corrections are possible, but the overall structure favors further upside as long as $200 holds.