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$SOL started the week with a strong surge. The cryptocurrency broke through the resistance level at $183 with yesterday's value increase, heading towards $200. While sellers are still maintaining their strength in this region, if a foundation is established above $200, the needle could turn towards the taker. In the coming days, the price fluctuation for SOL in the range of $185-200 has become significant. If the cryptocurrency can stay above $185 during possible pullbacks, it may move more steadily to break its resistance at $200. If this resistance is crossed with daily closes, investors could target the $228 area in the short term, followed by $260.
On the other hand, we may see that the correction in the pullbacks towards $185 could last up to the $160-165 range. The current outlook is positive with the short and medium-term EMAs in a steep upward position. Although the stochastic RSI indicates overbought, as long as the indicator stays above the value of 80, the overall trend can be maintained. On the other hand, if SOL starts to move sideways around $185 to serve as support; this movement will cool the stochastic RSI and prepare the ground for a healthier rise.