Technical Analysis Report: $SOL /USDT
Current Price: $185.43
Resistance Levels:
1. $188.33 (24h High)
2. $188.92 (next potential resistance)
Support Levels:**
1. $184.96 (MA 7)
2. $184.43 (MA 25)
3. $177.88 (MA 99)
Breakout Possibilities:
1. Bullish Breakout:
- A bullish breakout will be confirmed if SOL/USDT closes above the resistance level of $188.33 with strong volume. The next target would be $188.92 and further resistance levels could be tested around $190 and beyond if momentum continues.
2. Bearish Breakout:
- A bearish breakout would be confirmed if SOL/USDT closes below the support level of $184.43 (MA 25). This could lead to a decline towards the next support level at $177.88 and potentially lower.
Traders should look for confirmed breakouts above resistance or below support levels before entering trades, considering the volatility and volume for accurate signals.
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