"Analysis of SOL/USDT: The price is near the key resistance level of $196.72, and the RSI is at 62.45, close to a relative resistance. Breaking these levels could signal a continuation of the bullish trend, but a reversal from these resistances increases the likelihood of a correction.
SOLUSDT is currently near a key resistance level at 186.39. If this resistance is broken, it could trigger a strong bullish signal. The price is moving within an ascending channel, and breaking above this level with momentum may indicate a continuation of the upward trend.
Long Signal Scenario:
- Entry Point: After breaking the resistance at 186.39 and confirming above it (ideally wait until the price reaches around 188 for confirmation). - Stop Loss: 182 - Targets: - Target 1: 200 - Target 2: 215 - Target 3: 225
This scenario is valid if the 186.39 resistance is broken and the price stabilizes above it.$SOL