💥💥 𝗦𝗼𝗹𝗮𝗻𝗮 𝗣𝗿𝗶𝗰𝗲 𝗣𝗿𝗲𝗱𝗶𝗰𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗧𝗼𝗱𝗮𝘆

1. 𝗥𝗲𝗰𝗲𝗻𝘁 𝗣𝗿𝗶𝗰𝗲 𝗔𝗰𝘁𝗶𝗼𝗻:

The price has rebounded from a low of 160.93 and is currently at 170.48.

There is a visible upward momentum as indicated by the last few candles on the 30-minute chart.

2. 𝗞𝗲𝘆 𝗟𝗲𝘃𝗲𝗹𝘀:

Resistance: The recent high of 183.54 is a significant resistance level.

Support: The recent low at 160.93 is a key support level.

3. 𝗠𝗼𝘃𝗶𝗻𝗴 𝗔𝘃𝗲𝗿𝗮𝗴𝗲𝘀:

The MA5 (5-period moving average) is at 22.36K, indicating strong recent buying interest.

The MA10 (10-period moving average) at 20.21K also supports the upward trend.

3. 𝗠𝗔𝗖𝗗 (𝗠𝗼𝘃𝗶𝗻𝗴 𝗔𝘃𝗲𝗿𝗮𝗴𝗲 𝗖𝗼𝗻𝘃𝗲𝗿𝗴𝗲𝗻𝗰𝗲 𝗗𝗶𝘃𝗲𝗿𝗴𝗲𝗻𝗰𝗲):

The MACD line (0.302) is above the signal line (0.881), which is a bullish sign.

The histogram shows increasing positive values, indicating increasing upward momentum.

4. 𝗩𝗼𝗹𝘂𝗺𝗲:

The volume is currently 27.68K, which is higher than the MA5 and MA10, suggesting strong buying interest.

5. 𝗢𝘃𝗲𝗿𝗮𝗹𝗹 𝗧𝗿𝗲𝗻𝗱:

Bullish Scenario: Given the current upward momentum, positive MACD, and strong volume, there is a high probability that the price will continue to rise towards the next resistance level at 177.88 and possibly test the recent high at 183.54

Probability: ~70%

Bearish Scenario: If the price faces strong resistance and fails to break above 172.23, it could retrace back to the support level at 166.58.

Probability: ~30%

𝗖𝗼𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻:

Based on the technical indicators and recent price action, there is a higher likelihood (around 70%) that the price of SOL/USDT will continue its upward trajectory.

$SOL $BTC

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