#MarketRebound
Solana is currently trading at $196 against USDT, finding strong support at this level. If $196 holds, we could see a potential bounce, with the next resistance level around $205. This makes the current price an attractive entry point for traders looking to capitalize on the potential upside.
For those considering entering, $196 provides a strong base. A break above $195 would signal further upside momentum, with $205 as the next major resistance target.
Entry Strategy: A long position at $196 could be a strong play, with a stop loss below this support level to minimize risk. Alternatively, waiting for a break above $195 could provide a safer confirmation of the uptrend.
As Solana gains increasing adoption and development in the DeFi and NFT space, $196 could be a strong entry point for traders looking to capitalize on its continued growth. Watch these key levels for potential opportunities!$SOL