🚨 $SOL /USDT TECHNICAL ANALYSIS – POTENTIAL TURNING POINT! 🚨
SOL is currently trading at 204.59, experiencing a 7.08% pullback after reaching a recent high. This consolidation could be the market preparing for its next major move. Here’s a breakdown of the key levels and potential targets to watch:
🎯 Target 1: 225.21
This is the recent high and a key resistance level. A breakout above 225.21 could reignite bullish momentum, with traders likely pushing for the next target. If SOL breaks through, expect renewed buying pressure.
🎯 Target 2: 230.12
If SOL maintains momentum above 225.21, reaching 230.12 is a feasible next target. This level could serve as a secondary resistance where traders may lock in profits, but further gains are possible if sentiment remains strong.
🎯 Target 3: 250.00
A significant psychological level, marking a possible extension of the current rally. Hitting 250.00 would reflect strong bullish control and could encourage continued interest from buyers as SOL attempts to establish a new upward trend.
🚨 Support Level: 194.13
It’s essential to watch for stability above this support level. A break below could indicate further consolidation or a pullback, potentially taking SOL to test deeper support levels.
Keep an eye on these levels – SOL’s recent moves suggest heightened volatility. Let’s see if the bulls can regain control and drive another upward push!
