$SOL Price Update: Bullish Momentum on the Rise ๐จ
$SOL is trading at $183.38, showing a strong upward trend on the 15-minute chart after bouncing back from a daily low of $176.48. Persistent buying activity has pushed SOL to test the $183.87 resistance level, just shy of its 24-hour high.
Key Levels to Monitor:
Resistance: $183.87
Support: $180.17
Trade Opportunities:
Long Position: Enter near $183โ$184 with potential profit targets at:
1. $190 (short-term)
2. $193 (secondary target)
Short Position: If SOL struggles to surpass $183.87, consider these levels:
1. $184 (retracement level)
2. $181 (lower support)
Risk Management:
Use a stop-loss at $182 to mitigate downside risks.
Market Outlook:
Rising trading volumes signal breakout potential. A decisive move above $183.87 could open the door for additional gains, while a rejection at this level might lead to a short-term pullback. Keep an eye on price action for confirmation.