๐ $SOL /USDT Technical Analysis - Key Targets ๐ฏ
As we analyze SOL/USDT, the price is currently sitting at $184.27, reflecting a 6.33% drop in the last 24 hours. Let's break down the key levels and possible price targets:
๐ Key Levels to Watch:
24h High: $197.37
24h Low: $177.88
๐ฏ Target 1: $190.00
A minor rally could push SOL toward the $190 mark. If this resistance holds, we might see consolidation or a potential breakout.
๐ฏ Target 2: $177.88
With recent lows showing resilience, $177.88 is a critical support level. A drop to this level could offer a bounce, but if it breaks, expect further downside pressure.
๐ฏ Target 3: $200.00
In case of a strong recovery, the $200 level is the next significant resistance. A sustained break above could push SOL into bullish territory.
๐ Trend Analysis:
SOL is showing a downtrend, with a -2.52% change in the last 24h. The price is trading near the lower end of its range, but potential reversal points near $177.88 could provide opportunities for traders.
๐ฎ Next Steps:
Watch for price action around the $177.88 and $190 levels. Traders should remain cautious in case the market continues its downward momentum.
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