đš SOLANA ($SOL ) NEARING CRUCIAL LEVELS â WILL IT BREAK OUT OR PULL BACK? đš
Solana ($SOL ) is currently trading at $159.36, showing a slight gain of 0.37%. The recent price action suggests a solid upward momentum, but key resistance and support levels are coming into play.
đĄ Key Resistance:
$159.42 USDT â Solana is facing resistance just above the current price. A breakout above this level could push the price toward $161.50 USDT and trigger a new wave of bullish action.
đ Strong Support Zone:
$158.60 USDT â If Solana retraces, the first support zone to watch is $158.60 USDT. A break below this level could see SOL sliding toward $157.00 USDT.
đŻ Entry Strategy:
Long Entry: Above $159.42 USDT, targeting $161.50 USDT with a Stop Loss at $158.60 USDT.
Short Entry: If $SOL drops below $158.60 USDT, a short position could target $157.00 USDT with a Stop Loss at $159.20 USDT.
â ïž Solana is in a critical range, and the next move could set the tone for the coming hours. Keep an eye on these levels to capitalize on potential price swings!
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