Technical analysis by Traders-Lounge about Symbol SOL: Buy recommendation (8/9/2025)

Current Price:181.37 Setup: SOL has bounced strongly from the 155 to 160 support zone and is now reclaiming key Fibonacci retracement levels. The structure suggests a potential bullish continuation if momentum sustains. Key Levels: Support: 174.79 (23.6% Fib), $155.91 (major support) Stop Loss: Below 150 to protect capital in case of breakdown Targets: Target Area 1: 235 (100% Fib Extension) Target Area 2: 280 (141.4% 161.8% Fib Extension zone) Bullish Case: If price maintains above 174 and breaks the 195 205 zone, it could trigger a strong rally towards 235 and potentially 280. Structure resembles a continuation move following the July rally. Bearish Risk: Failure to hold above 174 could lead to retests of 160, and a break below 150 would invalidate the bullish outlook. Outlook: Bias remains bullish as long as the 174 180 range holds. A breakout above 205 would confirm the next impulsive leg toward 235+. hashtag#SOL hashtag#Solana hashtag#AltSeason hashtag#Crypto hashtag#BTC hashtag#ETH hashtag#BullRun hashtag#Traderslounge