$SOL

/USDT Technical Analysis 🎯

Current Price: $242.71 (+2.28%)

Trend: SOL is showing strong momentum, consolidating near resistance after a sharp upward move.

Key Levels to Watch:

1️⃣ Target 1: $250

Immediate resistance. A breakout here could indicate strong bullish sentiment, with buyers dominating.

Watch for volume spikes to confirm the move.

2️⃣ Target 2: $265

Medium-term resistance level. If SOL breaches $250, this is the next critical zone.

EMA indicators suggest this target is achievable within a bullish continuation pattern.

3️⃣ Target 3: $280

Long-term resistance. If the rally extends, this is a psychological milestone.

However, RSI near overbought levels may indicate caution for traders aiming for this target.

Support Levels:

$230: Immediate support. A retest could provide a buying opportunity.

$215: Strong support zone if a correction occurs.

Indicators to Watch:

Bollinger Bands: Tightening, indicating a potential breakout.

SAR & EMA: Both suggest upward momentum but monitor for reversals.

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