Technical Analysis of $SOL

/USDT

📊 Current Price: $160.09

đŸ”Œ 24h High: $161.50

đŸ”œ 24h Low: $155.32

In today’s analysis of SOL/USDT, we observe a bullish trend with a 1.81% increase in the last 24 hours. Here are three key targets to watch:

🎯 Target 1: $161.50

This level is the recent high, acting as a strong resistance point. A break above this price could signal further upward momentum.

🎯 Target 2: $165.00

If the price surpasses $161.50, the next target is $165.00, where traders may look for profit-taking or additional buying pressure.

🎯 Target 3: $155.00

Should the price retrace, $155.00 is a critical support level. A bounce here could present a buying opportunity for traders looking to enter the market at a lower price.

Trading Volume Insights:

24h Volume (SOL): 2.28M

24h Volume (USDT): 361.57M

Market Sentiment:

The SAR indicator suggests potential support at $152.61, indicating a healthy range for buyers. Keep an eye on these targets as market dynamics unfold!

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