📌SOL/USDT Analysis: Positive Accumulation Above Support and Testing the Resistance Zone!
👈SOL (Solana) is currently trading at $111.93, recording a strong daily rise of 5.26%+, after hitting a daily high of $114.32 and a dip to $105.36. Trading volume over the past 24 hours reached 3.83M SOL, with a total value of $424.70M USDT.
From a technical standpoint, price is moving in an accumulation channel between the MA(7) average at $112.17 and the MA(25) average at $111.36, while maintaining a strong positive positioning above the main moving average line MA(99) at $102.64. The Volume (Vol) indicator shows a current volume of 61.5K compared to the MA(5) average of 72.3K, reflecting a relatively stable condition and weak selling pressure ahead of a potential breakout above resistance.
💢Target Trading Points:
💸Current Price: $111.93
🎯First Target: $114.32
🎯Second Target: $116.50
🎯Third Target: $120.00
💎Main Support: $111.36
👌To continue the upward momentum, price must hold above the support level of $111.36 and break above the resistance at $112.17 to pave the way toward the higher targets, with the need to adhere to risk management.
🚀 Share your thoughts: Do you expect Solana to break the $115 barrier today?
♦️ Don’t forget to support the post with a like and follow to get all the latest updates!
#sol #sol板块 #SolanaUSTD $SOL #Solana #cryptotrading
👈SOL (Solana) is currently trading at $111.93, recording a strong daily rise of 5.26%+, after hitting a daily high of $114.32 and a dip to $105.36. Trading volume over the past 24 hours reached 3.83M SOL, with a total value of $424.70M USDT.
From a technical standpoint, price is moving in an accumulation channel between the MA(7) average at $112.17 and the MA(25) average at $111.36, while maintaining a strong positive positioning above the main moving average line MA(99) at $102.64. The Volume (Vol) indicator shows a current volume of 61.5K compared to the MA(5) average of 72.3K, reflecting a relatively stable condition and weak selling pressure ahead of a potential breakout above resistance.
💢Target Trading Points:
💸Current Price: $111.93
🎯First Target: $114.32
🎯Second Target: $116.50
🎯Third Target: $120.00
💎Main Support: $111.36
👌To continue the upward momentum, price must hold above the support level of $111.36 and break above the resistance at $112.17 to pave the way toward the higher targets, with the need to adhere to risk management.
🚀 Share your thoughts: Do you expect Solana to break the $115 barrier today?
♦️ Don’t forget to support the post with a like and follow to get all the latest updates!
#sol #sol板块 #SolanaUSTD $SOL #Solana #cryptotrading
