Technical Analysis Report:$SOL /USDT:

$SOL after hitting $162.5 now again dump to $134... Is it going back to all time low $120 from last 5 months..

The $SOL /USDT trading pair currently stands at $134.65, witnessing a notable decline of 8.63% on the day. This downtrend brings the price near its 24-hour low of $133.11, hinting at possible support at this level. However, the market shows resistance around the recent high of $147.42. Given the recent price action, short-term traders might consider setting up for potential short trades below the current support, with a cautious eye on any rebound that retests the resistance. This analysis should provide strategic insights into short-term movements for SOL, a currently hot coin in the trading community.

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