The $SOL /USDT market is currently trading at $165.79 USDT, showing a slight gain of +1.17% on the 15-minute chart. After touching a daily low of $163.64 USDT, the price is recovering, showing signs of strength.

The resistance level to watch is at $168.42 USDT, where a breakout could lead to further upside momentum. On the downside, key support is situated at $164.13 USDT, and a breach below this could signal additional weakness.

For traders, an entry point around $165.50 USDT might be ideal for a potential upward move. Targets to consider for taking profits are $167.00 USDT, $168.00 USDT, and $170.00 USDT. Setting a stop-loss below $164.00 USDT will help mitigate downside risk.

The RSI stands at 57.69, indicating there is still room for upward movement without entering overbought territory, and the MACD shows some bullish crossover signals.

Keep an eye on volume and price action as the market develops.

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