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The $SOL /USDT chart displays a short-term bearish momentum, with the price currently sitting at $137.88, down by 2.80%. Over the past 24 hours, SOL has experienced significant volatility, reaching a high of $142.96 and dipping to a low of $133.11, indicating active market movements. The chart reveals a sequence of red candlesticks forming lower lows, suggesting strong selling pressure in the market. However, the recent bounce off the $133.11 support level indicates some buying interest, potentially signaling the beginning of a consolidation phase.
Despite this minor recovery attempt, SOL must break through immediate resistance levels around $138 and $143 to confirm a bullish reversal. The substantial 24-hour trading volume (3.48M SOL and 477.21M USDT) reflects high investor interest, suggesting that the market is ripe for a decisive move. Traders should remain vigilant, as a breach of these key resistance or support levels could dictate SOL's next direction. In summary, while short-term bearishness dominates, the price action near the support level and market activity hints at potential consolidation, warranting close observation for any breakout signals.
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