$SOL USDT (Solana Perpetual Futures)
Current price: 87.70 USDT (mark price), with a 24‑hour change of +6.47% in PKR terms and a last price of 87.69 USDT on Binance (+0.24% in the last interval).
Trend analysis: The 1‑day chart shows a short‑term bullish momentum after a dip, with green candles forming above the recent lows. The overall trend appears to be recovering from a longer‑term bearish phase (30‑day and 90‑day drops of 29.76% and 38.60%) but still in a consolidation phase.
Support and resistance levels:
- Immediate support: 82.17 USDT (24‑hour low).
- Next support: around 80.00 USDT (psychological level based on recent price action).
- Immediate resistance: 89.00 USDT (recent high on the chart).
- Strong resistance: 92.09 USDT (24‑hour high).
Volume analysis: 24‑hour volume is 37.24 M SOL / 3.24 B USDT, indicating decent liquidity. The Volume SMA shows a spike near the price rise, suggesting buying interest is backing the upward move.
Entry zone: Consider entering a long position between 83.00–84.00 USDT on a breakout above the 85.00 level with confirmation (e.g., bullish candlestick or increased volume).
Exit zone / targets:
- Target 1: 89.00 USDT (near‑term resistance).
- Target 2: 92.09 USDT (24‑hour high).
- Target 3 (if momentum continues): 95.00 USDT.
Stop loss: Place a stop‑loss at 81.50 USDT to protect against a break below the recent low and limit risk to ~7% of entry.
Overall market view: SOLUSDT is showing signs of short‑term bullish recovery after a significant medium‑term decline. The market sentiment is mixed; traders should watch volume and price action around 89.00–92.09 for confirmation of an upward breakout or reversal. Caution is advised due to the longer‑term negative performance (-37.72% in 1 year).
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