Hello everyone, looking at the SOL/USDT H4 chart, the price is maintaining a strong uptrend and is currently approaching resistance around $208. After bouncing from the FVG support at $195, SOL has broken previous resistances and continued higher. The FVG zones from $195 to $205 provide solid support levels, helping to sustain the upward momentum; if SOL holds above $205, the chance of testing $208 is very high. The Ichimoku cloud lies below the price, indicating that buying pressure remains strong and the price can continue higher if current support levels hold. The price structure also shows a V-shaped recovery pattern after touching the bottom, with higher highs forming, reinforcing the continuation of the uptrend.
On the news side, Solana is recovering strongly thanks to the growth of DeFi and NFT applications, fast transaction speeds, and low costs, while the overall crypto market remains positive, particularly driven by Bitcoin and Ethereum recovery, creating favorable sentiment for altcoins like SOL. With all these factors, SOL is likely to continue rising, with an initial target of $208; if it breaks this level with strong volume, the uptrend could extend to $220 and beyond.
