Solana ($SOL
) Technical Analysis
Current Price: $254.13
24h High: $264.39
24h Low: $243.31
24h Vol(SOL): 7.74M
24h Vol(USDT): 1.98B
Market Outlook:
The Solana chart shows a bullish trend with a potential upward movement. The price has broken above the resistance level of $250.00, indicating a strong bullish momentum.
Trade Strategy:
Long Trade:
* Entry: $254.13 (Current Price)
* Target: $270.00
* Stop Loss: $240.00
* Leverage: 2x
Short Trade:
* Entry: $264.39 (24h High)
* Target: $240.00
* Stop Loss: $275.00
* Leverage: 2x
Conclusion:
Solana is currently in a bullish trend, and the price is likely to continue its upward movement. Long positions are recommended with a target of $270.00 and a stop loss of $240.00. However, traders should be cautious as the market is volatile, and the price could reverse direction.