$SOL /USDT Technical Analysis & Market Update

Current Price: $161.46 (+8.18%)

Solana has shown a strong bullish move, reaching $161.46 with an 8.18% increase. The moving averages indicate continued upward momentum.

Resistance: Immediate resistance is at $162.30. Breaking above this level may propel the price towards $165.

Support: The nearest support level is at $159.33. A drop below this could see the price testing $156.

Long Trade: Consider entering above $162.30 with targets at $165 and $168.

Short Trade: Consider entering below $159.33 with targets at $156 and $153.

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