$SOL $SOL

SOL/USD Price Analysis: Eyeing Key Levels Around $253.65

SOL/USD is trading at $253.65, maintaining strong bullish momentum as it approaches a critical juncture. The immediate support lies at $245.00, while resistance is at $260.00, setting the stage for a potential breakout or pullback.

If SOL/USD breaks above $260.00, it could spark a rally toward $275.00 or even $280.00, driven by increased buying interest. However, a dip below $245.00 might signal a correction, with the next support at $235.00. The RSI indicates overbought conditions, suggesting caution, while the MACD remains bullish, pointing to sustained upward momentum.

For traders, buy positions above $260.00 with a stop-loss at $255.00 offer an opportunity to ride the bullish wave. On the flip side, short entries below $245.00 could target lower levels, with stops at $250.00 to manage risk.

With SOL/USD trading near pivotal levels, the market is primed for a decisive move. Monitor volume and market sentiment closely as SOL navigates this critical price range.

Stay disciplined, and trade the trend!

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