$SOLV /USDT: Recovery Phase or Temporary Rebound?
Current price: $0.0900 (-10.63%)
$SOLV has shown signs of recovery from its low at $0.0740, testing resistance near $0.0911 (EMA 25). This critical level could determine the next price direction.
๐ Short Entry:
Sell Zone: $0.0915 - $0.0930
Target 1: $0.0850
Target 2: $0.0785
Stop Loss: $0.0960
๐ Long Entry:
Buy Zone: $0.0885 - $0.0900
Target 1: $0.0945
Target 2: $0.1010
Stop Loss: $0.0840
Technical Observations
EMA (7): $0.0875 โ indicating bullish momentum.
EMA (25): $0.0911 โ acting as a resistance level.
A break above $0.0930 could lead to a stronger uptrend, while a rejection might result in further downside.
Market Sentiment: Cautious optimism, with traders eyeing key resistance levels for confirmation of direction.