$SOL $SOL

SOL/USDT Analysis

#SOL/USDT🤑

Current Price: $247.39 (+3.67%)

  • 24h High: $253.00

  • 24h Low: $229.60

  • Volume:

    • SOL: 7.60M

    • USDT: $1.83B

Moving Averages (MA)

  • MA(7): $247.05 (short-term support, closely aligned with current price).

  • MA(25): $244.36 (mid-term support, still holding bullish momentum).

  • MA(99): $238.74 (long-term uptrend support).

The price is above all major moving averages, confirming the bullish trend, though resistance is near the 24h high.

Key Levels

#KEY🚀

  1. Support Levels:

    • Immediate Support: $247.05 (MA(7)).

    • Strong Support: $244.36 (MA(25)).

    • Critical Support: $238.74 (MA(99), long-term support).

  2. Resistance Levels:

    • Immediate Resistance: $253.00 (24h high).

    • Key Resistance: $255.00 (psychological level).

    • Extended Resistance: $260.00 (potential breakout zone).

Trading Strategy

#tradingStrategy

1. Targets

  • Bullish Scenario:

    • If price breaks above $253.00:

      • First Target: $255.00.

      • Second Target: $260.00.

      • Extended Target: $265.00.

  • Bearish Scenario:

    • If price falls below $247.05:

      • First Target: $244.36.

      • Second Target: $240.00.

      • Further Target: $238.74 (MA(99)).

2. Stop-Loss Levels

  • For Long Positions: Below $247.05 (e.g., $246.50).

  • For Short Positions: Above $253.00 (e.g., $254.00).

3. Indicators to Watch

  • Volume: Strong volume (7.60M SOL) signals significant market activity, but watch for a breakout above $253.00 to confirm bullish continuation.

  • Trend: SOL remains in a bullish trend with price comfortably above key moving averages.

Outlook

#outlook

  • Bullish Case: A breakout above $253.00 could lead to higher levels, targeting $255.00 and $260.00.

  • Bearish Risk: A drop below $247.05 might signal consolidation or a pullback toward $244.36 or $238.74.

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