Based on the provided $SOL /USDT chart:
$SOL is currently trading at $144.99, reflecting a 1.10% decrease in the last 24 hours. The price has shown a consistent downtrend from its high of $150.25, as it faced resistance and began a gradual decline. The 24-hour low sits at $144.35, close to the current price, indicating that the price may test this support level soon. The overall price action suggests bearish momentum in the short term.
The immediate resistance for SOL/USDT stands at $149.92, which marks the recent high before the decline. If the price can rebound and break above this resistance, it may aim for a recovery, with the next target being around $150.50 or higher. However, considering the current market structure, it seems more likely that the price could continue testing lower levels.
The current support level is $144.35, where the price previously found some buying pressure. If SOL breaks below this support, it may continue to fall towards $142.00 or even lower. Traders may look for long trades if the price holds above $145.50, aiming for $148.00 and $150.00, while short trades below $144.00 could target $142.00 and $140.00. It's important to watch how the market reacts at the support and resistance levels before making any moves.
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