SOL/USDT Analysis: Consolidation After Volatility
Market Status:
* Current Price: $125.19.
* Trend: The price is stabilizing after a major spike to $132.75 followed by a sharp rejection.
* Moving Averages: SOL is currently trading between its MA(7), MA(25), and MA(99), all converging around $124.90, indicating a squeeze before the next big move.
* Sentiment: The order book shows 59.93% Bid (Buy) interest, suggesting strong support from buyers at current levels.
Key Levels:
* Resistance: $125.50 and $132.75.
* Support: $122.36.
Trading Setup:
* Entry: Above $125.50 for a confirmed bullish continuation.
* Target: $128.00 — $132.00.
* Stop Loss: Below $121.50.
