Technical Analysis: $SOL /USDT
Current Price: $190.01 (-0.27%)
Timeframe: 30m Chart (Binance)
Key Technical Levels
1. Target Achieved: $188.00 (Support Zone)
SOL has bounced from the $188.00 level, confirming it as a key short-term support.
2. Next Target (Upside): $196.00
A sustained move above $190.00 could propel the price to test resistance at $196.00.
3. Next Target (Downside): $184.00
If the price faces rejection near $192.00-$196.00, a drop toward $184.00 support is possible.
Trading Strategy
Short-Term Traders:
Look for a breakout above $192.00 to target $196.00. Place stop-losses below $188.00 to secure downside risks.
Long-Term Investors:
Accumulate near $184.00 for a longer-term target of $200.00, aligned with SOL鈥檚 upward trend momentum.
Indicators to Watch:
Volume Trends to confirm breakout above $192.00.
RSI Levels near $196.00 to avoid overbought conditions.