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Solana price data strongly suggests that the recent correction to $174 was a buy-the-dip opportunity as traders eye a rally to $250.
💡 DMK Insight
Solana’s dip to $174 is more than just a correction—it’s a strategic entry point for traders looking to capitalize on a potential rally to $250.
The recent price action indicates strong buying interest around the $175 mark, which aligns with previous support levels seen in early September. If Solana can maintain momentum above this level, we could see a retest of the $250 resistance, where sellers previously stepped in. Keep an eye on the RSI; if it stays above 50, it suggests bullish momentum is building.
But here’s the flip side: if Solana fails to hold above $174 and drops below $160, it could trigger stop-losses and lead to a deeper correction. Historically, similar patterns have led to sharp reversals, so traders should be cautious. Watch for volume spikes around key price levels, as they can indicate whether the rally is sustainable or just a short-term bounce.
📮 Takeaway
Watch for Solana to hold above $174; a break below $160 could signal a deeper correction, while a rally to $250 is on the table if momentum builds.
