$SOL

/USDT Technical Analysis: Targeting New Levels!

Current Price: $243.50

24h Change: -6.21%

Solana (SOL) has been under bearish pressure, but opportunities are always present for keen traders. Let's dive into the technicals and highlight 3 key targets to watch.

Key Levels and Strategy

1️⃣ First Target: $250

This level serves as immediate resistance. If bulls regain strength, a breakout above $250 could trigger further upward momentum. Monitor trading volume for confirmation.

2️⃣ Second Target: $260

A strong push could drive SOL towards $260, aligning with its next significant resistance. Watch for rejection signals around this zone.

3️⃣ Third Target: $230 (Support)

On the downside, $230 serves as a critical support level. A breakdown below this level might lead to increased selling pressure.

Indicators to Watch

RSI: Hovering near oversold territory; a potential bounce could be imminent.

MACD: Showing bearish divergence but may flip bullish if momentum builds.

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