šØ SOL/USDT Technical Analysis Update
Current Price: $151.02
Technical Overview:
SOL has shown resilience, with its price navigating around the $151 mark. Observing the moving averages, we see a potential bullish trend as the price is consistently staying above both MA(25) and MA(7).
Targets to Watch:
- Target 1: $153.00 ā This level represents the recent 24-hour high. A break above could attract further buying pressure.
- Target 2: $154.00 ā Close to a recent peak, crossing this might push the momentum further, aiming for new highs.
- Target 3: $156.50 ā If the upward trend continues, this target is ambitious but achievable with increased trading volume and market support.
Support Levels:
- Primary support sits at the recent low of $146.57. Keeping above this level is crucial for maintaining the current bullish outlook.
Strategy Tips:
- Consider entering long if the price holds above $151 with sufficient volume backing. Watch for stability around $153 to confirm continuation.
- Set stop losses near the primary support to safeguard against potential dips.
š Stay updated and trade wisely! Market dynamics can change, and it's essential to keep an eye on key technical indicators and global economic events affecting the markets.
