Market Overview: SOL/USDT is trading at $259.20, showing bullish momentum with a 4.94% gain in the last 24 hours. The pair has strong resistance near $260.78, and a breakout could push the price toward the $272.00 level. The support level near $246.33 remains critical for bulls to hold.
Key Levels to Watch:
Immediate resistance: $260.78
Support: $250.00
Analysis: The price structure suggests that SOL is poised for a potential upward continuation if it breaks above the $260.78 resistance. However, traders should monitor price action closely, as a failure to hold above $258.00 could lead to a pullback toward the $250.00 zone.
Pro Tip: Secure partial profits at Target 1 and trail your stop-loss as SOL approaches Target 2 for optimal risk management.