🚀 SOL/USDT Market Update – Is Solana Preparing for a Bounce?
Solana (SOL) is once again grabbing traders’ attention as price stabilizes near $126.30, showing early signs of strength after a recent dip.
📊 Key Market Highlights:
Current Price: $126.30 (+0.90%)
24H High / Low: $128.56 / $123.40
Strong Support Zone: $116 – $120
Recent Resistance: $131 – $146
📉 Technical Insight:
MA(7): 125.20 → Price trading slightly above short-term average
MA(25): 131.85 → Immediate resistance area
MA(99): 173.01 → Indicates overall long-term downtrend
After forming a higher low near $116.88, SOL is attempting a short-term recovery. Volume remains steady, suggesting sellers may be losing momentum while buyers slowly step in.
🎯 What to Watch Next:
A break above $131 could open the door toward $140–$146
Failure to hold $120 may bring another retest of support
⚠️ Market Sentiment:
Short-term relief rally possible, but trend confirmation needs stronger volume and a clear break above key moving averages.
💡 Final Thought:
Solana is at a decision zone — patience and proper risk management are key. Smart money watches support, not hype.
🔔 Not financial advice. Always do your own research.
#Solana #SOL #CryptoUpdate #Altcoins #Binance #TechnicalAnalysis 📈
