$SOL /USDT Market Update
Current Price: $159.20 (-0.02%)
SOL is currently consolidating around $159.20 after facing resistance near $162.00. The market shows some indecision with recent volatility in the price.
Resistance: The immediate resistance is at $162.00. A break above this level could push SOL towards $165.00 and $170.00.
Support: Key support is at $155.50. A drop below this could see SOL retracing to $150.00.
Trading Strategy:
- Long Trade: Enter above $162.00, targeting $165.00 and $170.00 with a stop-loss at $155.50.
- Short Trade: Enter below $155.50, targeting $150.00 with a stop-loss at $162.00.
