Solana is currently trading at $160.55, and the market is on high alert! ๐จ Will it break out towards new heights or correct towards previous lows? Let's dive into the chart and explore the key levels that will shape the future of SOL! ๐
$SOL is currently trading within a range between $156.83 and $162.08. Traders can consider buying near the support levels of $158.58 and $156.83 and selling near the resistance levels of $161.60 and $162.08 for potential short-term gains. ๐๐
But wait, there's more! ๐คฉ In a bullish scenario, SOL might just break out towards new heights! ๐ If it breaks above the immediate resistance levels of $161.60 and $162.08, it could trigger a strong upward move towards major resistance at $165.00 and $170.00. Continued bullish momentum might push the price to the $175.00 - $180.00 range! โจ
On the other hand, if SOL drops below the immediate support levels of $158.58 and $156.83, it could lead to a bearish correction. ๐ป In this scenario, the price might test major support at $153.00, and continued selling pressure might push the price down to the $145.00 - $140.00 range. Oh no, the correction might be more significant than expected! ๐๐ป
It's time to buckle up and get ready for the next move! ๐ฃ๏ธ Will SOL/USDT break out or correct? The market is waiting with bated breath! ๐ Stay alert, manage your risks, and happy trading! ๐๐น