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SOL/USDT Technical Analysis – Binance Update
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🚀 Current Price: $218.67
🔍 Trend: Bullish (Short-term Recovery)
📈 Volume: 24h Vol ~ 2.86M SOL ($622.19M USDT)
Key Levels to Watch:
1️⃣ Target 1: $223.18
Why? This is the 24h high and a significant resistance zone. Breaking above this could confirm bullish momentum, encouraging traders to aim for higher levels.
2️⃣ Target 2: $230.00
Why? This level aligns with historical supply zones and is the next logical resistance. It’s also psychologically important for traders, which may attract higher buy interest.
3️⃣ Target 3: $240.00
Why? A broader trendline resistance and a major pivot point in recent weeks. If market sentiment remains strong and volume sustains, this could become achievable.
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Indicators:
SAR (Stop and Reverse): Currently at $222.85, showing bullish support.
Volume: Consistently high, indicating active trader interest.
Strategy Tip:
Look for a breakout above $223.18 with strong volume confirmation before entering.
Place stop-loss below $215.17 to manage risk effectively.
Stay informed and trade wisely! 🎯 #SOL #Binance #CryptoAnalysis