$SOL /USDT Approaching Key Levels After Major Correction – Is a Rebound on the Horizon? 🚨
SOL is trading at $188.12, down 9.41% over the last 24 hours, testing the critical low of $175.26. After a sharp sell-off from its 24-hour high of $210.49, SOL is attempting to find support as buyers step in.
Key Levels to Watch:
Support Zone: $175.26 – A vital level to hold to prevent further decline.
Resistance Levels:
1. $192.26 – Immediate resistance zone.
2. $211.95 – Mid-level target.
3. $228.95 – Major breakout zone for bullish momentum.
Trade Setup:
Bullish Scenario: A recovery above $192.26 could set the stage for a climb toward $211.95, with potential for further gains to $228.95 if the uptrend strengthens.
Bearish Scenario: Failure to maintain $175.26 could see SOL retesting $170 or lower.
Pro Tip:
Look for confirmation with increased volume before entering a trade. Tight stop-losses are crucial in this volatile phase.
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