✅ Current Price: $151.39

• Market is in a corrective phase after reaching recent highs near $200+.

🔑 Key Technical Insights:

1. Resistance Levels:

• $157–$180: Immediate resistance zone with prior rejection (orange and red horizontal markers).
• Major resistance near $240–$300 (highlighted with red target box on your chart).

2. Support Levels:

• $140.58: First key support (near short-term moving averages).
• $101.76: Strong technical and psychological support (around 200-week MA).
• Volume Profile shows heavy past activity around $15–$25 (unlikely to revisit unless extreme crash).

3. Volume Profile (VPVR):

• Significant volume accumulation between $10 – $30, now acting as long-term support.
• Thin volume in the $200–$300 zone suggests that a breakout above $180 could lead to fast price expansion.

4. Chart Patterns & Structures:

• Symmetrical triangle breakout earlier this year led to the sharp rise towards $200.
• Current price action shows:
  • A probable Wave 2 or Wave 4 correction (as per Elliott Wave theory).
  • Consolidation within higher time frame structure.

5. TD Sequential:

• Several green and red sequences visible; the current setup suggests a potential bullish reset after recent sell-off.

6. Moving Averages:

• Price is still above the 100-week MA (~$140) and far above the 200-week MA (~$101).
• A healthy correction phase is unfolding, but the long-term trend remains upward.

📈 Possible Scenarios:

📌 Quick Takeaways:

✅ Solana is in a healthy mid-cycle correction.
✅ Key bounce zones are $140 and $101.
✅ Break above $160 could signal continuation towards $200+.

🎯 Key Levels:

📌 Trade Idea:

• Entry: Buy between $145–$152 as long as price stays above $140.50.
• Take Profits: Partial at $157, more at $180, stretch goal $200+.
• Stop Loss: Close below $138 on daily or weekly candle.

✅ Risk/Reward: At least 2.5:1 targeting $180, higher if reaching $200+.

👉 Optional Add-On:

• If price dips to $130–$138, consider it a secondary entry for better positioning.

🏦 Long-Term Investment Thesis for Solana (2025–2026)

🚀 Bullish Case:

1. Ecosystem Growth: Rapid expansion in NFTs (Solana NFTs gaining popularity), DeFi protocols, and gaming (GameFi).
2. Speed & Cost: SOL remains one of the fastest and cheapest Layer 1 blockchains—mass adoption edge.
3. Institutional Interest: Increasing integration in tokenized assets and payment systems.

💡 Price Projections (12–18 Months):

🛑 Risk Factors to Watch:

• SEC/Regulatory pressures on Layer 1 blockchains.
• Solana network outages (less frequent now but still a concern).
• Macro market downturn (equities, global liquidity tightening).

✅ Suggested Long-Term Action:

• Accumulate gradually above $100 with focus on holding through Q4 2025–Q1 2026.
• Reassess at $180–$200 levels.

📌 2. Comparison: Solana vs Other Layer 1s (2025 Outlook)

👉 Solana stands out for speed + adoption but Ethereum remains the safest blue-chip.