$SOL /USDT

Analyzing the SOL/USDT 4-hour chart on Binance, we can observe significant movements and key levels for the cryptocurrency. As of the latest data, the price stands at 143.32 USDT. The chart reveals that the price has been consolidating between 138.22 and 146.20 USDT, indicating a potential resistance at the upper boundary and support at the lower boundary.

The moving averages (MAs) provide insight into the short-term and long-term trends. The MA(7) is at 141.82, MA(25) at 139.70, and MA(99) at 140.64. The price currently trading above these MAs suggests a bullish sentiment. Additionally, the volume shows a significant peak around July 7, indicating heightened trading activity and potential volatility.

In the context of support and resistance, the critical support level is at 138.22 USDT, which has been tested multiple times. If the price breaches this level, it might find the next support around 128.98 USDT. On the upside, the resistance at 146.20 USDT is a key level to watch. Breaking through this resistance could propel the price towards new highs.

In summary, SOL/USDT shows a consolidation phase with key support at 138.22 USDT and resistance at 146.20 USDT. Traders should monitor these levels closely for potential breakouts or breakdowns. The moving averages and volume trends suggest a cautiously optimistic outlook, but market participants should remain vigilant for any significant changes.#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown