- Chart Pattern: SOL/USDT forms a symmetrical triangle, upward biased, hence has the potential to break out in the context of bulls.
- RSI: 47.42 – Momentum stands at neutral, with ample room to climb upwards.
- Stochastic: At 30.89, with some oversold conditions and room for a bounce.
- Bollinger Bands: Price rests on the lower band, so an upward move in the price is likely.
- Target: The chart indicates a target close to 339; this validates the bullish stance in the long term.
Both charts look very good in terms of bullish potential. TOTAL3 has set a consolidation pattern that might break higher and could give a lift to the entire market. Meanwhile, the SOL/USDT runs a triangle pattern, and RSI is at 47.44, showing some room upward. Moreover, stochastic levels are quite low, hence a hint of a possible rebound. When TOTAL3 pumps, SOL will surely follow strong, and this may indicate a big rise in it.
The SOL/USDT liquidation heatmap shows major liquidations around the $200 level, which may suggest high volatility in the market but also the possibility of a price recovery. Having consolidation and bullish patterns in other indicators, SOL will likely see upside momentum, given the bullish trend for the longer term. It implies a very good chance of SOL moving upwards over the next few weeks.
Trade Details:
Entry: Around 182.13 ( Join my Binance live for premium crypto signals )
1st Tp: 221.62
2nd Tp: 269.20
3rd Tp : 338.82
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