$SOL

/USDT Technical Analysis

Current Price: $189.92 (-0.12%)

The SOL/USDT pair shows steady price movement, with a slight pullback observed during the last session. Here's a closer look at potential targets based on technical indicators:

🎯 Target 1 - $194.00

This level represents the immediate resistance, aligning with recent price action. A breakout above $194.00 could signal a short-term bullish trend, driven by increasing buy volume.

🎯 Target 2 - $198.00

This target marks a strong resistance point near the previous 24h high of $199.27. Reaching this level indicates a continuation of upward momentum, supported by positive sentiment in the Layer 1 ecosystem.

🎯 Target 3 - $200.00

A psychological barrier and key milestone for traders. Breaking above $200.00 may attract more significant interest, fueling potential for extended gains.

Indicators

Support Level: $188.00

RSI: Neutral at 50, suggesting room for both upward and downward movement.

MACD: Signals slight bearish divergence; watch for a crossover.

Action Plan

Traders should monitor SOL’s price action near $194.00 for confirmation of a breakout. A failure to surpass this level could lead to retesting support around $188.00.

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