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$SOL recently bounced from its 24H low of $120.00 and is now trading around $128. The bounce indicates a potential recovery after a sell-off. The price is pushing above the EMA (7), signaling short-term bullish momentum.
The price is currently facing resistance at the EMA (99) of $130, which could act as a key level to break for further upside. A rejection here might lead to another retracement toward the $125-$126 zone.
Trading Strategy
Bullish Scenario: If SOL breaks above $130 and sustains momentum, there is potential to test the $134.29 resistance zone. A confirmed breakout could set up a target toward $136-$138.
Bearish Scenario: A rejection around $130 could see SOL retest the $126 level. A break below $126 might lead to a deeper retracement toward $120.
