The price of $SOL /USDT is currently trading at $138.71, showing a strong increase of 6.16% over the last 24 hours. The resistance level is at $139.80, and support is placed around $127.07. The recent rally from the $127.07 support level shows strong bullish momentum, but $SOL is now testing the $139.80 resistance, which is critical for confirming further upward movement.
If SOL breaks above the $139.80 resistance, the next target would be $142.00, and potentially $145.00 if the bullish momentum continues. A breakout above this level would confirm the continuation of the bullish trend, and traders could consider entering long positions with a stop-loss at around $135.77 to manage downside risk.
On the other hand, if SOL fails to break through $139.80, a pullback could occur, with the price potentially revisiting the support at $135.77 and then $131.10. If the price falls below these support levels, further downside could see the price testing the $127.07 mark again. Traders should monitor these key levels closely to adapt to potential price movements.
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