🚀🚨$SOL /USDT Market Analysis: Stability Near Support Zone🚀 🔍

📌 Current Price: $236.97 (-0.61%)

Solana ($SOL ) shows resilience, trading within a tight range, with buyers defending the $230-$235 support zone despite minor corrections.

Key Levels to Watch

Resistance Levels:

$245.00, $250.00, $260.00

Support Levels:

$230.00, $225.00, $220.00

Market Highlights

24-Hour Range: $222.95 - $241.00

Trading Volume: 5.07M SOL (~$1.18B in USDT), reflecting strong liquidity.

Recent Performance:

7-Day Change: +2.78%

30-Day Change: -1.39%

1-Year Gain: +285.38%

Potential Scenarios

1️⃣ Bullish Breakout:

A decisive move above $245.00 could target $250.00 and $260.00, reaffirming upward momentum.

2️⃣ Bearish Breakdown:

If SOL breaks below $230.00, expect declines toward $225.00 and $220.00 as bears take control.

Trading Strategy

Bullish Setup:

Entry: Above $240.00

Targets: $250.00, $260.00

Stop-Loss: $230.00

Bearish Setup:

Entry: Below $230.00

Targets: $225.00, $220.00

Stop-Loss: $235.00

Conclusion

$SOL /USDT is consolidating near support, with a breakout on either side likely determining the next trend. Traders should watch for strong volume confirmation and key levels to manage risk effectively.