$SOL /USDT 5-Minute Chart Analysis

Key Levels to Watch:

Resistance (TP1): $131.00

Resistance (TP2): $132.00

Support Level: $128.00

Breakout & Retest Scenario:
Currently, SOL is pushing towards the $131 level (TP1), which serves as a key resistance. A breakout above this level, followed by a successful retest, could provide a bullish setup to target the next resistance at $132 (TP2). This would confirm a continuation of the upward momentum.

Potential Bullish Scenario:

Breakout Above $131 (TP1): If SOL successfully breaks and closes above $131, we could expect a retest of this level before another upward push.Target $132 (TP2): After a breakout and retest, the next target would be $132, which is another key resistance zone.

Bearish Scenario:
If SOL fails to break above the $131 resistance, we could see a retracement back towards the $128 support level. A breakdown of this support could lead to further downside pressure.

Conclusion:
Currently, SOL is attempting to push higher, but the key to further upside lies in breaking and retesting the $131 resistance. Watch for a confirmation of this breakout for potential long trades targeting $132. If a rejection happens, a pullback to $128 is possible.

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