SOL/USDT – Daily Outlook

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Solana continues to trade within a bullish structure after breaking above key resistance. Momentum indicators suggest short-term exhaustion, opening room for a potential retracement.

The nearest demand zone lies between $216 – $202, which could serve as a re-entry area if price corrects lower. As long as this zone holds, the medium-term outlook remains bullish.

Fibonacci projections point towards $280 – $300 (1.236 – 1.618 extension) as the next upside targets, aligning with a potential strong resistance area.

In summary, while a short-term pullback is possible, the broader trend remains bullish with clear demand support below and Fibonacci targets above.

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