$SOL /USDT Technical Analysis & Opportunities Ahead

SOL/USDT is currently trading at $172.52, showing a notable increase of 3.34% in the past 24 hours. The 24-hour high reached $174.30, while the low touched $164.13. Key moving averages are positioned as follows: MA(7) at $172.19, MA(25) at $168.08, and MA(99) at $165.64.

Opportunities Ahead

Solana is experiencing strong upward momentum, trading above its moving averages, indicating bullish potential. A breakout above the 24-hour high of $174.30 could lead to further gains, with resistance levels near $174.84 and beyond. On the downside, traders should monitor $164.13 (24h low) as a crucial support. A drop below this could signal short-term bearish pressure, possibly leading to the next support around $160.02.

Maintaining its position above the $170 mark will be key for continuing its bullish trend in the short term.

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