Solana ($SOL) Bounces Strongly, Eyes $200 Next — 23 August, 2025.Solana ($SOL) showed impressive strength today, rebounding firmly from the $177 support level and rallying up to $193 on intraday charts. This swift recovery highlights solid buying momentum, particularly visible on the 15-minute timeframe, where bulls defended support and drove price action higher.
With the bounce gaining traction, Solana could be setting up for a push toward the $196 – $200 resistance range, provided buyers maintain their momentum.
📊 Technical Snapshot
Support Tested: $177 zone held strongly, confirming solid demand.
Current Price Action: Recovery from $177 → peak at $193.
Momentum: Buyers showing control on lower timeframes, keeping the bullish structure intact.
🔑 Trade Plan
Entry Zone: $188 – $191
Take Profit Targets: $196 or $200
Stop Loss: $183
This setup favors risk-managed trades, with clearly defined levels to protect downside while leaving room for potential upside toward psychological resistance at $200.
📍 Market Bias
Bullish with caution. Solana’s bounce from support is encouraging, but traders should monitor key resistance zones as profit-taking could emerge near the $200 mark. Sustained buying above this level would open the door for further continuation.
⚠️ Disclaimer: This content is for informational purposes only and should not be considered financial advice. Always conduct your own research (DYOR). Crypto assets are highly volatile and carry significant risk.
