$SOL

/USDT Technical Analysis & Targets ๐ŸŽฏ

Solana (SOL) continues to show strong momentum in the market with a 24-hour price increase of +1.73%. Let's dive into the technicals to explore potential targets:

๐Ÿ“‰ Current Price: $217.12

๐Ÿ“ˆ 24H High: $221.99

๐Ÿ“‰ 24H Low: $206.71

Key Support & Resistance Levels:

1. Support Level 1: $206.71

The recent low presents a strong support zone where buyers may step in, providing an opportunity for potential bounce back.

2. Resistance Level 1: $221.99

A key resistance point to watch. If the price breaks above this level, we could see a further upside move toward the next target.

3. Target Level (Potential for Bullish Momentum): $230.00

Should the price manage to break through $221.99, reaching $230 would be a logical next step as a major psychological level for traders.

Key Takeaways:

Short-Term Trend: Solana is trading within a defined range, and the $206.71 support is critical for maintaining bullish momentum.

Mid-Term Outlook: If SOL breaks above $221.99, watch for further upside targeting the $230 region.

Volume Indicators: Keep an eye on 24h volume as it continues to climb, signaling stronger market interest.

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