🚨$SOL /USDT Analysis🚨

📊The $SOL /USDT pair is currently consolidating within a tight range, exhibiting a bearish sentiment. The 24-hour trading volume has seen a decline, indicating a potential loss of momentum. The RSI is hovering near the oversold zone, suggesting a possible reversal.

Short-Term Outlook:

📉 Short Entry: Consider a short position at the resistance level of 101.20.

🛑 Stop Loss: Place the stop loss above the recent high at 101.40.

🎯 Take Profit: Aim for the support level of 100.00.

📈Long-Term Outlook:

While a short-term bearish trend is evident, the long-term outlook remains cautiously optimistic. The overall market sentiment for Solana remains positive, driven by its strong fundamentals and ongoing developments.

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