The $SOL /USDT chart depicts a notable intraday movement where the price reached a high of 135.58 before experiencing a sharp decline to a low of 127.41. The overall trend shows volatility with a series of lower highs, reflecting selling pressure. However, after touching the 127.41 level, the price rebounded, indicating buying interest near support levels. Currently, $SOL is trading around 130.34, slightly below the dayâs midpoint.
The drop in price by 1.18% suggests a bearish sentiment in the market, but the formation of green candles towards the end hints at potential recovery. Traders should keep an eye on the 130.34 resistance and the 127.41 support for further confirmation of direction. A breakout above 135.58 could signal bullish momentum, while a break below 127.41 may lead to further downside.
#SolanaUSTD #CryptoMarketMoves #TelegramCEO #DOGSONBINANCE #BinanceBlockchainWeek
