🚨 $SOL /USDT UPDATE: Strong Performance! 🚨
$SOL is trending positively with sustained volume and is testing its 24-hour high of $243.35. It remains in an uptrend, supported by robust Layer 1 activity and a 24-hour trading volume of $1.45B USDT.
🎯 Key Levels to Watch:
Resistance:
$248.44 (Previous High): Strong breakout signal if surpassed.
$250.64 (Psychological Level): Major resistance ahead.
Support:
$237.85 (MA7): Immediate support.
$229.60 (24h Low): Critical for maintaining bullish momentum.
📊 Indicators:
MA (7, 25, 99): SOL is trading above its 7-day and 25-day moving averages, signaling bullish momentum.
MACD: Positive divergence, confirming an uptrend.
Volume: Strong at 6.12M SOL, indicating market confidence.
⚡ Trading Strategy:
Bullish Entry: Above $244, targeting $248 and $250.
Bearish Entry: Below $237, targeting $229 and $225.
Stop Loss:
Longs: $237
Shorts: $245
📈 Outlook: $SOL /USDT remains a top performer in the Layer 1 space. Sustained momentum above $243.35 could push it toward new highs.
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