$SOL
Solana Price Analysis & Trade Setup Guide
Looking at the chart of SOL/USDT (Solana against Tether) on a 1-day timeframe - here are a few trade setup ideas based on price action and technical indicators.
Trend and Price Movement
The price has recently surged and is currently trading at $174.01, showing strong bullish momentum with a 1.87% increase for the day.
There has been a consistent upward move since early October, with the price breaking through the key $160 resistance level, which has now turned into support.
The price is approaching a previous local high around $180 from mid-April.
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