$SOL $SOL

SOL/USD Technical Analysis – 29th November 2024

SOL/USD is currently priced at 241.14, navigating through a strong market structure with key support and resistance levels shaping its short-term outlook. As Solana continues to show resilience, this price point presents an interesting opportunity for traders.

Key Support: 235.00

Key Resistance: 250.00

SOL has established a solid support at 235.00, where buying interest has kept the price above this level in recent sessions. A rebound from here could propel the price toward 250.00, a key resistance level, where selling pressure might arise. A breakthrough above 250.00 would open the door for a potential rally toward 260.00.

Entry Strategy:

Long: Look to enter near 235.00 for a potential push towards 250.00.

Short: A breakdown below 235.00 could lead to further downside, with the next support at 225.00.

With critical levels in play, SOL/USD is at an exciting juncture. Traders should be prepared for a potential breakout or pullback, with key opportunities presenting themselves at both ends of the range. Stay vigilant for the next price move!

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