SOL/USDT Update
$SOL is currently trading around $137.57. We’re seeing strong resistance at $140.81. The current price action is starting to look bearish, especially with volume tapering off after the recent rally, suggesting that buying momentum is weakening.
If you’re considering a short position, a solid entry would be around $138-$140. Keep a stop-loss around $141.24 to guard against a breakout. On the downside, watch for these key support levels:
•$136.25 (first support, decent volume support here)
•$133.83 (next support, aligns with pivot points)
If volume increases on the downside, we could even see $129.34 as a target.
Given the current resistance levels and weakening volume, the setup is bearish for now. However, if SOL pushes above $141 with rising volume, we could see it move toward $143, so stay alert and adjust your positions accordingly.
