$SOL Potential Scenarios
Bullish Scenario:
Support Level Strength: The price could find strong support around $228.62 (MA25) and bounce back toward the $243.55 resistance level (24h high). A breakout above this resistance might push SOL to $250 and beyond.
Bearish Scenario:
Resistance Holds: If the price fails to break above $243.55, it may trigger selling pressure, potentially retesting the 24h low of $221.80 or even lower levels like $215.
Key Levels to Watch:
Support: $228.62 (MA25), $221.80 (24h low)
Resistance: $243.55 (24h high), $250
Trading Strategy Recommendations:
For Bulls: Consider buying near the $228 support level with stop-loss at $221 and targeting $243 or higher.
For Bears: Short positions could be taken if SOL breaks below $221 with a target of $215.
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