The $SOL /USDT chart shows a strong bullish movement, with the price rising from a low of $127.07 to a high of $152.50, representing a 7.98% gain within the 4-hour timeframe. The upward trend indicates strong buying pressure, as the price has continued to rise steadily over the past sessions. Currently, the price has retraced slightly to $150.52, showing some profit-taking after the significant increase.

The key resistance level is at $152.50, the recent high. If the price breaks above this level with increased volume, we could see further upside movement for SOL, potentially targeting the next resistance level around $155. On the downside, the nearest support is around $144.45, where the price may find stability in case of a pullback. If the price drops below this support, it may signal the start of a correction.

For traders looking to enter a long position, a breakout above $152.50 with strong momentum could offer a good entry point. Alternatively, entering on a pullback near $144.45 might provide a safer entry with a better risk/reward ratio. In either case, it’s important to set stop-losses below key support levels to manage risk and protect against sudden reversals. The bullish momentum remains strong, but caution is advised due to potential short-term retracements.

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