$SOL /USDT - Technical Analysis
Current Price: $195.24 (+6.97%)
24H High: $196.00
24H Low: $180.73
Target Levels:
1. Target 1: $200.00
Resistance Zone: Psychological level and near-term resistance. Breaking this level could lead to increased bullish momentum.
2. Target 2: $220.00
Potential Upside: A continuation of the bullish trend with strong market support could push the price to this level.
3. Target 3: $250.00
Major Bullish Target: A critical zone for long-term traders, achievable if the bullish trend sustains with market-wide momentum.
Action Plan:
For Traders:
Secure Partial Profits: At $200.00 to lock in gains.
Stop-Loss: Move stop-loss to $190.00 after achieving the first target to mitigate risks.
For Investors:
Monitor price consolidation between $180.00 and $200.00 for possible entry points for long-term holding.
Technical Indicators:
Momentum: Price showing strong bullish signals after breaking out of $190.00 resistance.
Support Levels: $190.00 acts as immediate support; $180.00 is the secondary support zone.
RSI: Check for overbought conditions above $200.00; short-term correction could occur before further movement.