$SOL
/USDT: Technical Analysis Update 🎯
Current Price: $255.23 (+2.02%)
24h Range: $248.51 - $264.39
Volume: 6.63M SOL / $1.71B USDT
Key Analysis & Targets
SOL/USDT is showing bullish momentum, breaking key resistance levels. Here's what to watch:
🎯 Target 1: $260.00
Reason: Near-term resistance as SOL tests the upper boundary of its 24h high.
Strategy: Consider partial profit booking here if momentum weakens.
🎯 Target 2: $270.00
Reason: A strong breakout level, aligning with past resistance. This level will confirm a bullish continuation.
Strategy: Monitor volume closely; high buying pressure could push SOL higher.
🎯 Target 3: $280.00
Reason: Major psychological level. A breakout beyond this will indicate a strong trend shift.
Strategy: Use stop-losses to lock in profits while letting the trade run.
Support Levels
$252.00: Short-term support.
$248.50: 24h low; key support to hold the bullish trend.
Trading Tips
Bullish Case: If SOL closes above $264.39 today, it may accelerate toward $270.
Bearish Case: A drop below $248.50 might signal consolidation or a reversal.
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