$SOL$SOL /USDT Technical Update - Consolidation Before a Move?

Current Price: $190.89 (-1.12%)

Key Highlights:

24H High: $193.20

24H Low: $182.00

Volume: 3.72M SOL

Technical Overview:

$SOL/USDT is in a consolidation phase after bouncing off the $182.00 support level. The price is attempting to regain footing above the 7 EMA ($189.54) and 25 EMA ($189.77). The 99 EMA ($198.44) remains a critical resistance to watch for any upward momentum.

Support Levels: $188.00 | $182.00

Resistance Levels: $193.00 | $198.00

What’s Next?

A break above $193.00 could indicate bullish momentum, targeting the $198.00-$200.00 zone. However, failure to sustain current levels may lead to a retest of the $182.00 support.

Strategy:

Consider entries near $189.50-$191.00 with targets at $195.00 and $198.00. Place a stop-loss at $186.00 for risk management.

Observation:

Volume indicates cautious accumulation, but a breakout above the 99 EMA is needed to confirm a bullish trend shift.

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