Analysis of the SOL/USDT Price: Is the Bull Run Just Starting?

With its current price of $237, SOL has gained 4.03% in the past day. The price has just recovered from its support level of $222.95, which has held steady amid sell-offs.

Resistance on the upside is $244.77, where sellers have often intervened to limit gains. Bulls and bears are engaged in a tug-of-war on the chart, with rising volume indicating escalating market interest.

A rally might be triggered by a break over $244.77, with targets of $250 and higher.The price may return to the $230 region or perhaps retest the $223 support, though, if it is unable to hold above $237.

Waiting for a confirmed breakout above $245 to initiate a long position while keeping tight stop-losses in place would be a wise entry strategy for traders. A decline below $230, on the other hand, might indicate a short opportunity, with $223 being the target.

Although SOL rebound momentum is promising, catching the next big move will need patience and careful trading. Will resistance hold or will the bulls burst through? Watch the crucial levels for when you make your next deal!$SOL