Here’s a concise technical analysis for $SOL /USDT based on the latest 24-hour trading data:
Price Change & Volatility
SOL experienced notable volatility, reaching a high of 142.57 USDT and dropping to a low of 129.00 USDT. The current price is around 130.65 USDT, reflecting a clear bearish move from recent highs.
Key Support & Resistance
Support: 129.00 USDT (recent low) is a critical level to watch for potential bounce or breakdown.
Resistance: 135.37 USDT (7-period MA) is a key resistance; price may face selling pressure if it attempts to move upward.
Trading Strategy Highlights $SOL
Short Entry: Consider if price breaks below 129.00 USDT.
Long Entry: Consider if price rebounds above 135.37 USDT with bullish momentum.
Stop Loss: For shorts, above 135.37 USDT; for longs, below 129.00 USDT.
Take-Profit: For shorts, targets at 127.70 and 126.83 USDT; for longs, targets at 135.20 and 136.51 USDT.
Monitor market volatility and adjust your positions according to risk tolerance and price action. #SOL🔥🔥🔥🔥
