Target Achieved! 🚀
Trading Pair: $SOL /USDT
Current Price: $188.55 (+2.41%)
Solana is showing a retracement after reaching a key resistance level. Here's a breakdown of the current price action and potential next targets:
Key Levels:
1. Target 1 (Achieved): $196.00
Resistance level tested, leading to a pullback.
2. Target 2 (Next Up): $202.00
Strong resistance at the 24-hour high. A breakout could lead to further upward momentum.
3. Target 3 (Final Resistance): $210.00
Major psychological barrier and an important resistance to monitor.
Action Plan:
Short-Term Traders: Consider booking partial profits near $196.00 and look for potential re-entry if $202.00 is broken.
Long-Term Investors: Hold positions, but adjust stop-loss levels to lock in gains.
Technical Indicators:
Support Zone: $185.00
Resistance Zone: $202.00-$210.00
Solana is consolidating after recent bullish movements. A close above $196.00 could push it to $202.00, while a break below $185.00 might result in further corrections.