$SOL /USDT Price Analysis!!
Is a Bullish Breakout Coming?
$SOL Is Currently trading at **$139.30**, SOL has shown signs of life after bouncing off a strong **support level at $133.11**. The price is now flirting with key **resistance levels at $142** and **$148**, and traders should keep an eye on these zones. A successful breakout above $148 could open the gates for a stronger rally, but failure to do so may see SOL retesting support.
The short-term momentum is positive, as SOL has climbed above the **7-period** and **25-period** moving averages, indicating a potential upward push. However, with the **99-period MA** still looming at **$146**, the overall trend leans bearish in the medium term.
**Entry Strategy**: Watch for a breakout above $142 for a potential long position, with a target near $148. Conservative traders might wait for confirmation of support around $133 before jumping in.
Keep your risk in check, and trade with caution in this volatile range!
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