SOLPriceTargets
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đ $SOL /USDT Technical Analysis â Key Levels on Binance
Solana ($SOL ) is trading at $218.18, down 2.26% in the last 24 hours. As the market experiences bearish pressure, here are the critical levels to watch:
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đ Key Levels and Targets
1ď¸âŁ Resistance 1: $225.00
A recovery above $225 could signal short-term bullish momentum.
2ď¸âŁ Resistance 2: $230.00
Breaking this level confirms a potential reversal and stronger upward movement.
3ď¸âŁ Support: $215.00
If bearish sentiment continues, $215 acts as a key support zone where buyers might step in.
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đ Trading Strategies
đš Bullish Setup:
Entry: $218.50â$220.00
Targets: $225.00, $230.00
Stop-Loss: Below $215.00
đš Bearish Setup:
Entry: Below $215.00
Targets: $210.00, $205.00
Stop-Loss: Above $220.00
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đ˘ Watch these levels and trade SOL/USDT smartly on Binance!
#Solana #SOLAnalysis #BinanceTrading #SOLPriceTargets #CryptoUpdates
Solana ($SOL ) is trading at $218.18, down 2.26% in the last 24 hours. As the market experiences bearish pressure, here are the critical levels to watch:
---
đ Key Levels and Targets
1ď¸âŁ Resistance 1: $225.00
A recovery above $225 could signal short-term bullish momentum.
2ď¸âŁ Resistance 2: $230.00
Breaking this level confirms a potential reversal and stronger upward movement.
3ď¸âŁ Support: $215.00
If bearish sentiment continues, $215 acts as a key support zone where buyers might step in.
---
đ Trading Strategies
đš Bullish Setup:
Entry: $218.50â$220.00
Targets: $225.00, $230.00
Stop-Loss: Below $215.00
đš Bearish Setup:
Entry: Below $215.00
Targets: $210.00, $205.00
Stop-Loss: Above $220.00
---
đ˘ Watch these levels and trade SOL/USDT smartly on Binance!
#Solana #SOLAnalysis #BinanceTrading #SOLPriceTargets #CryptoUpdates
crypto-millionaire:
Failed analysis, everything going opposite
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Solana ($SOL ) is catching the spotlight after an impressive three-week rally that culminated in a record high of $264.39 on November 22. However, the cryptocurrency has entered a consolidation phase, with its price retreating by 15% to $225.54 as of Monday morning. Despite this dip, SOL remains resilient above the critical $215 mark, signaling strength amidst market fluctuations. Futures traders, buoyed by positive Santiment funding rates, are maintaining an optimistic outlook, suggesting potential for a robust recovery in the coming weeks.
On-chain metrics hint at a promising rebound, with analysts projecting SOL could challenge its all-time high and enter uncharted price territory. To break free from its current range, SOL needs to close above the $256 resistance level set on November 25. This would position the cryptocurrency for a push toward the psychological milestone of $300. A decisive daily close above $300 could unlock further gains, targeting $331.93, the 161.8% Fibonacci extension of its rally from $155.11 to $264.39 earlier this cycle.
While trading volumes have dipped below average, potentially limiting retail participation, open interest in Solana futures remains robust, peaking at $4.198 billion on November 7 and staying elevated despite price consolidation. This suggests strong institutional interest and confidence in Solanaâs long-term potential. With a market capitalization gap of $30 billion to close before overtaking XRP as the second-largest altcoin, SOLâs next moves will be crucial. A breakout above $300 could solidify its position as a top contender in the altcoin market.
#Solana #CryptoMarketTrends #AltcoinSurge #SOLPriceTargets
Solana ($SOL ) is catching the spotlight after an impressive three-week rally that culminated in a record high of $264.39 on November 22. However, the cryptocurrency has entered a consolidation phase, with its price retreating by 15% to $225.54 as of Monday morning. Despite this dip, SOL remains resilient above the critical $215 mark, signaling strength amidst market fluctuations. Futures traders, buoyed by positive Santiment funding rates, are maintaining an optimistic outlook, suggesting potential for a robust recovery in the coming weeks.
On-chain metrics hint at a promising rebound, with analysts projecting SOL could challenge its all-time high and enter uncharted price territory. To break free from its current range, SOL needs to close above the $256 resistance level set on November 25. This would position the cryptocurrency for a push toward the psychological milestone of $300. A decisive daily close above $300 could unlock further gains, targeting $331.93, the 161.8% Fibonacci extension of its rally from $155.11 to $264.39 earlier this cycle.
While trading volumes have dipped below average, potentially limiting retail participation, open interest in Solana futures remains robust, peaking at $4.198 billion on November 7 and staying elevated despite price consolidation. This suggests strong institutional interest and confidence in Solanaâs long-term potential. With a market capitalization gap of $30 billion to close before overtaking XRP as the second-largest altcoin, SOLâs next moves will be crucial. A breakout above $300 could solidify its position as a top contender in the altcoin market.
#Solana #CryptoMarketTrends #AltcoinSurge #SOLPriceTargets