🚨$SOL SOL/USDT Market Update: Testing Key Levels 🚨

💰 Current Price: $188.39 (-4.99%)

📉 24H Low: $187.40

📈 24H High: $200.13

Solana (SOL) is facing bearish pressure, falling nearly 5% in the last 24 hours. After testing the $200 resistance, SOL has retraced to a critical support level near $187.40.

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🔍 Key Levels to Watch

Resistance: $191.96 – Breaking above this could signal a recovery toward $200.

Support: $187.40 – Holding this level is crucial to avoid further downside.

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📊 Trading Strategies

Bullish Scenario:

Look for a bounce from $187.40, targeting $191.96 and potentially $200.00.

Set stop-loss orders below $186.50 to minimize downside risk.

Bearish Scenario:

If the price breaks below $187.40, it could open the door to further declines toward $180.00.

Consider short positions with stops above $191.00.

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⚠️ Volatility Reminder

With the current bearish trend, expect increased volatility. Monitor trading volume and market sentiment closely for potential reversals or continuation patterns.

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📢 What’s next for Solana? Will it rebound or continue its downward trend? Share your insights!

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