🚨 $SOL /USDT Technical Analysis Alert 🚨
Current Price: $140.35 (+0.85%)
Resistance: $141.85
SOL is approaching a key resistance level at $141.85, which was tested earlier today. A break above this could signal further upward momentum.
Support: $138.12
On the downside, support is firmly placed at $138.12, providing a safety net for the bulls. A drop below this level could indicate a shift in market sentiment.
Moving Averages:
- MA (7): $140.58
- MA (25): $140.54
- MA (99): $139.76
The close alignment of the MAs suggests consolidation, but the slightly upward trajectory hints at potential bullish continuation.
Trading Strategy:
- Long Trade: Enter above $141.85 with targets at $143.00, $145.00.
- Short Trade: Enter below $138.12 with targets at $136.00, $134.50.
