SOL Maintains Strong Upside Momentum Amid Bullish Technical Setup

Analyzing Solana’s price action from the 4-hour timeframe reveals a compelling recovery narrative. Following the August 2 dip toward the 155 support zone, SOL has demonstrated consistent strength with price trading predominantly above the Bollinger Bands’ center line. Current price sits at $122.15, though market participants should note the broader uptrend remains intact despite periodic consolidations.

Technical Structure & Entry Strategy

The pullback levels observed recently appear corrective in nature rather than trend-reversing. This suggests opportunities for traders seeking advantageous entry points. The 180-182 range presents a compelling zone for position accumulation, particularly for those maintaining a bullish bias. This level aligns well with the coin’s current momentum trajectory.

Target Framework

The immediate profit-taking zone should focus around 185-190 levels, marking the first significant resistance after entry. However, for those maintaining longer-term holdings, the extended target around 210 remains achievable if the current bullish structure sustains without major breakdown. The progression from current levels to these targets reflects the healthy consolidation pattern currently forming.

Market Sentiment

SOL’s positioning above key moving averages combined with reduced volatility suggests accumulating strength. Traders monitoring this move should watch for any close below the Bollinger Bands’ midline as a potential warning signal. Until such weakness materializes, the bias remains decidedly constructive.