🔥 $SOL

/USDT Technical Analysis 🔥

Current Price: $252.98 (-1.72%)

Solana's price movement is showing signs of consolidation after a recent dip, but it might be gearing up for the next breakout. Here's the analysis with 3 potential targets:

🎯 Target 1: $260

A retest of the 24-hour high ($257.83) could spark momentum, pushing SOL to the $260 resistance. Keep an eye on trading volume; increasing bullish pressure might confirm this target.

🎯 Target 2: $275

Breaking $260 could lead SOL to its next major resistance at $275, aligning with the upper trendline of the ascending channel on the 4H chart. This is a critical level to watch for continuation.

🎯 Target 3: $290

If the bullish trend persists, $290 becomes achievable, representing a 15% gain from the current price. However, expect resistance around this psychological level.

🔍 Key Levels to Watch:

Support: $245 (24-hour low) and $240.93

Resistance: $260, $275, $290

Indicators:

RSI on the daily timeframe shows mild overselling, indicating room for recovery.

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