$SOL /USDT Analysis

Current Price: $238.20

24h High: $241.61

24h Low: $234.10

24h Volume: $511.69M

Trend: Bearish

Pattern: Descending Triangle

Long Trade Entry: $235.00

Long Target: $242.00

Long Stop Loss: $230.00

Short Trade Entry: $238.00

Short Target: $232.00

Short Stop Loss: $240.00

Leverage: 2x

Market Outlook: The descending triangle pattern indicates a potential bearish breakout. A break below the triangle support level could lead to a significant price decline. However, a break above the triangle resistance level could invalidate the bearish pattern and lead to a bullish reversal.

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