Solana (SOL/USDT) Update:
The current price is around 191.3 dollars.
■ Overall trend: The market is recovering after a sharp decline, with signs of a rebound from strong liquidity areas near 170-180.
■ Movement structure: A significant local bottom has recently formed, and the price has broken through a secondary resistance area near 188, with buyers currently in control.
■ Important levels:
- Strong support: 180 and 170
- Upcoming resistance: 197 then 206
Outlook:
If the price maintains trading above 188, an upward momentum is expected to continue towards 197 then 206. Any break below 180 is considered negative and opens the way for further correction.
Trading advice:
Buy on corrections above 188 with take profit near 197 and 206, stop loss below 180.
The current price is around 191.3 dollars.
■ Overall trend: The market is recovering after a sharp decline, with signs of a rebound from strong liquidity areas near 170-180.
■ Movement structure: A significant local bottom has recently formed, and the price has broken through a secondary resistance area near 188, with buyers currently in control.
■ Important levels:
- Strong support: 180 and 170
- Upcoming resistance: 197 then 206
Outlook:
If the price maintains trading above 188, an upward momentum is expected to continue towards 197 then 206. Any break below 180 is considered negative and opens the way for further correction.
Trading advice:
Buy on corrections above 188 with take profit near 197 and 206, stop loss below 180.