SOLANA / USDT What Is The Next Trade.
Solana (SOL) is showing strong bullish momentum, currently trading around $150. It has recently broken through key resistance levels, signaling a positive trend.
Historically, October has been a good month for Solana, with consistent upward movements. The ecosystem's growing activity, particularly in the meme coin sector and an increase in active addresses, is helping drive this rally.
Technically, Solana has formed a bullish pennant pattern, indicating the possibility of a surge toward $180 if it can break past the resistance between $155-$158. On the downside, support levels to watch are $144 and $147.50.
For your next trade,
a long position could be profitable if SOL can break and hold above $155, aiming for a target of $175 to $180. To manage risk, consider placing a stop-loss around $144 in case of market reversals.
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