🚨 $SOL SOL/USDT – Significant Downtrend Continues!
📊 Current Price: $179.78 (-14.11%)
🔝 24H High: $211.35
🔻 24H Low: $178.47
💰 Volume:
SOL: 8.88M
USDT: 1.72B
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Market Analysis
Solana (SOL) is facing strong selling pressure, having lost over 14% in the past 24 hours. The price has broken below critical support levels, testing $178.47, which is the current daily low.
Resistance Levels:
$191.00 – Immediate recovery hurdle.
$205.00 – Key level for potential reversal.
Support Levels:
$178.00 – Critical to hold for preventing deeper losses.
$170.00 – Next significant support zone.
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Trading Strategy
1. For Buyers:
Accumulation near $178.00 could present an opportunity if bullish momentum returns.
A bounce above $191.00 would signal potential recovery.
2. For Sellers:
Shorting rallies towards $191.00 with a stop-loss above $205.00 can be a strategic move.
Break below $178.00 opens the door for further downside to $170.00.
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Key Insights
Bearish Sentiment: Sellers dominate the market as SOL continues its sharp decline.
Oversold Bounce: Watch for potential oversold signals near $178.00 for short-term recovery.
Volatility Ahead: Trade cautiously as high volume indicates strong market activity.
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Conclusion
SOL/USDT is currently in a critical zone. The outcome of the $178.00 level will dictate the next direction for Solana. Monitor closely for opportunities.
