Post for $SOL /USDT Technical Analysis
š $SOL /USDT Analysis Update:
Current Price: $199.39 (+4.61%)
24H Range: $189.53 - $201.85
30-Minute Chart Overview: Solana is showing strong bullish momentum, currently trading near the psychological level of $200. A breakout above this level could signal further upward movement.
šÆ Targets:
1. First Target: $205 - Immediate resistance level. A breakout above this can confirm short-term bullish momentum.
2. Second Target: $215 - Strong medium-term resistance zone, with potential consolidation if reached.
3. Third Target: $230 - Long-term bullish target, aligning with higher timeframe resistance zones and a continuation of the current trend.
š” Actionable Insights:
Secure partial profits near $205.
Adjust your stop-loss to $195 to protect gains.
Monitor volume and MACD signals for confirmation of momentum beyond $200.
š Long-Term View: Sustaining above $230 could open doors to $250+, establishing a new bullish cycle for SOL.
