Based on the chart for $SOL /USDT, the current price is $148.28, showing a strong +6.68% gain in the last 24 hours. The price has recently tested a high of $148.78, suggesting a bullish momentum after bouncing from a low of $137.60. The rise from this low indicates strong buying pressure and potential for continued upward movement.
The nearest resistance level is $148.78, which, if broken, could lead Solana toward a new target of $149.87. This could be a key area for bulls to watch as the price continues to rise. However, if Solana faces rejection at the resistance, a pullback to the support at $141.91 could be expected. This support level will act as a safety zone for traders looking for a retracement.
In conclusion, a long position could be considered if Solana breaks above the resistance at $148.78, targeting $149.87 or higher. Conversely, a short trade might be initiated if the price dips below the $141.91 support, with lower targets in mind. Keep an eye on the price action around these critical levels for potential trade opportunities.
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