$SOL /USDT: Solana Continues Its Uptrend

Solana (SOL) is currently trading at $228.37, up +2.06% over the last 24 hours, reflecting a steady bullish sentiment.

Key Metrics

24h High: $241.00

24h Low: $220.27

24h Volume (SOL): 5.77M SOL

24h Volume (USDT): $1.35B

Technical Levels

Resistance Levels: $232.77, $241.00, $242.30

Support Levels: $223.23, $220.27, $215.00

Market Analysis

Upside Potential: Sustained momentum could push SOL past $241.00, eyeing the next resistance at $242.30.

Downside Risk: A decline below $223.23 could lead to a retest of key support levels at $220.27 and $215.00.

Trading Strategy

For Buyers: Look to enter near $228.37, targeting $241.00 with a stop-loss below $223.23.

For Sellers: Consider shorting near $241.00 with stops above $242.30.

Sentiment Overview

The recent price action suggests healthy demand for SOL, driven by strong trading volume. Traders should monitor closely for a breakout or consolidation around the $241.00 level.

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