Solana Holds Steady at $184, Eyes Breakout Above $197

2025-10-23 00:45

Solana (SOL) is consolidating around $184, with traders eyeing a potential breakout above the $197 resistance level. Key support is identified at $183.64, while a successful breach of the resistance could propel SOL towards a target range of $226 to $235. Technical indicators, including a nine-wave pattern and a neutral RSI on the four-hour chart, suggest a bullish continuation as short-term selling pressure diminishes. Despite a brief impact from a hidden bearish divergence, the medium-term outlook remains positive.

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