🚀 $SOL /USDT Eyeing a Bounce – Is a Breakout on the Horizon? 🚀
$SOL is trading at 154.13 USDT, down 0.98% for the hour, hovering around key moving averages. After reaching a high of 159.73 USDT earlier, it is now consolidating near support levels. Traders should watch for a breakout or potential pullback as volume remains steady, suggesting the next move could come soon.
📊 Key Metrics:
24H High: 159.73 USDT
24H Low: 150.30 USDT
MA(7): 154.07
MA(25): 154.46
MA(99): 150.47
$SOL needs to reclaim 155 USDT to regain bullish momentum and attempt a retest of recent highs. On the flip side, a dip below 150 USDT could open the door for further downside, so keeping an eye on these levels is crucial.
🎯 Targets to Watch:
1️⃣ 159 USDT – Immediate resistance. A breakout here could attract fresh buyers.
2️⃣ 165 USDT – Mid-level target with bullish potential.
3️⃣ 170 USDT – Key psychological barrier that could trigger a new rally.
⚠️ Support Levels:
150 USDT – Strong support; a breakdown might signal further consolidation.
147 USDT – Critical level; if lost, expect a deeper correction.
SOL is known for sudden moves, and this consolidation phase could result in a breakout soon. Traders should be prepared to act quickly!