SOL Breaks $200: Bulls Eye $234-$245 in Markup Phase

SOL/USDT 4H Chart Analysis
Market Structure:
SOL is trading at $220, maintaining a strong bullish setup after breaking the key $200 resistance level.
Market makers have transitioned from accumulation to markup, signaling a push toward higher price levels.

Key Levels:

• Support:
  
• Primary: $200 (recently broken resistance turned support).
  
• Secondary: $188 (major consolidation zone).
  
• Resistance:
  
• T1: $234 (premium zone).
  
• T2: $245 (extension target).
  

Momentum:

• RSI: Hidden bullish divergence observed during recent consolidation, confirming upward momentum.
  
• Volume: Strong volume confirms institutional buying pressure and a likely continuation of the uptrend.
  

Trade Setup:

• Entry: Current levels ($220-$222) or on pullbacks to $215.
  
• Targets:
  
• T1: $234.
  
• T2: $245.
  
• Stop Loss: Below $208 (recent consolidation support).
  
• Risk-to-Reward: Favorable setup, especially given the strong volume and clear breakout.
  
• Confidence Level: 8/10 for bullish continuation.
  

Market Maker Activity:

• Market makers have likely completed accumulation in the $188-$200 range, as indicated by volume and price behavior.
  
• Expectation: A continued push toward the premium zone ($234) before potential distribution begins.
  

Considerations:

• Pullbacks: Watch for buying opportunities near $215 if the price retraces briefly.
  
• Volume confirmation: Ensure continued strong volume near $234 to support further upside.
  
• Premium zone reaction: Monitor price action near $234-$245 for potential distribution or consolidation.
  

This setup indicates a strong bullish outlook with clear targets at $234 and $245, backed by institutional activity and technical confirmation.