$SOL /USDT: Gains 3.04%, Approaching Resistance Zone
SOL is currently trading at $243.44, reflecting a 3.04% increase over the past 24 hours. The token is displaying steady upward momentum as it nears the upper bounds of its recent trading range.
Key Data Points:
24h High: $246.77
24h Low: $232.80
24h Volume (SOL): 2.57M SOL
24h Volume (USDT): $616.29M
Trade Strategy:
Long Position: Enter above $246.00, targeting $250.00 and $255.00, with a stop loss at $240.00.
Short Position: Consider selling below $240.00, aiming for $235.00 and $230.00, with a stop loss at $245.00.
Market Outlook:
SOL/USDT continues to show bullish strength, supported by increased volume. A breakout above $246.00 could signal further upside towards $250.00. However, failure to maintain momentum may lead to a pullback, testing support around $235.00. Traders should remain cautious and monitor volume and broader market sentiment to assess sustainability.
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