$SOL $SOL $SOL

For SOL/USDT Perpetual, here’s an analysis with targets, stop-loss, and trend assessment:🫨

Key Levels

  • Current Price: 219.91 USDT

  • 24h High: 220.77 USDT

  • 24h Low: 200.85 USDT

  • Support Level: 208.71 USDT – recent low point.

  • Resistance Level: 220.77 USDT – current 24-hour high, which may act as resistance.

Target Levels

  • First Target: 220.77 USDT – aligns with recent highs and serves as an initial target.

  • Second Target: 226.93 USDT – a slightly higher level if bullish momentum continues.

Stop-Loss Level

  • Stop-Loss: 208.71 USDT – slightly below support, to manage downside risk in case of trend reversal.

Trend Analysis

  • Price Change: +7.00% over 24 hours, showing an uptrend.

  • Volume: Strong trading volume with 33.75M SOL and 7.16B USDT, indicating strong interest.

  • Moving Averages:

    • MA(5): 737,268.4 – aligns with the current price, supporting the short-term uptrend.

    • MA(10): 1,117,632.6 – confirms upward momentum, as MA(5) is above MA(10).

Summary

  • Short-term Trend: Bullish, with notable trading activity and an upward trend.

  • Targets: 220.77 and 226.93 USDT.

  • Stop-Loss: 208.71 USDT.

This setup focuses on capturing gains with a stop-loss for risk management, considering the recent volatility and strong buying interest in SOL.

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