🚨 $SOL /USDT UPDATE: Strong Performance! 🚨

$SOL is trending positively with sustained volume and is testing its 24-hour high of $243.35. It remains in an uptrend, supported by robust Layer 1 activity and a 24-hour trading volume of $1.45B USDT.

🎯 Key Levels to Watch:

Resistance:

$248.44 (Previous High): Strong breakout signal if surpassed.

$250.64 (Psychological Level): Major resistance ahead.

Support:

$237.85 (MA7): Immediate support.

$229.60 (24h Low): Critical for maintaining bullish momentum.

📊 Indicators:

MA (7, 25, 99): SOL is trading above its 7-day and 25-day moving averages, signaling bullish momentum.

MACD: Positive divergence, confirming an uptrend.

Volume: Strong at 6.12M SOL, indicating market confidence.

⚡ Trading Strategy:

Bullish Entry: Above $244, targeting $248 and $250.

Bearish Entry: Below $237, targeting $229 and $225.

Stop Loss:

Longs: $237

Shorts: $245

📈 Outlook: $SOL /USDT remains a top performer in the Layer 1 space. Sustained momentum above $243.35 could push it toward new highs.

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