SOL/USDT Analysis: Local rebound from support and testing resistance levels!
The SOL (Solana) coin is currently trading at $115.00, down 1.66% on the day, following a corrective pullback that briefly hit a low of $113.00 and a 24-hour high of $119.77. Trading liquidity over the past 24 hours saw strong volumes of 3.69M SOL and a value of $431.46M in USDT.
Technically, the chart shows a positive rebound from the current candlestick above the MA(99) moving average line at $114.41, attempting to recover after falling below the MA(7) at $116.07 and the MA(25) at $117.67. The instantaneous volume indicator is at 133K, below the MA(5) average of 269K, suggesting a reduction in selling pressure and the start of a relatively calm accumulation phase.
Target trading points:
Current price: $115.00
First target: $116.07
Second target: $117.67
Third target: $119.77
Key support: $114.41
To regain the bullish trend, price must hold above support at $114.41 and break through resistance at $116.07, with full commitment to risk management.
🚀 Share your thoughts: Do you expect Solana to successfully return above $117 today? Don’t forget to support the post with a like and follow to get all the latest updates!
#SOL #Solana #cryptotrading #AIStocksWhatNext #solana $SOL
The SOL (Solana) coin is currently trading at $115.00, down 1.66% on the day, following a corrective pullback that briefly hit a low of $113.00 and a 24-hour high of $119.77. Trading liquidity over the past 24 hours saw strong volumes of 3.69M SOL and a value of $431.46M in USDT.
Technically, the chart shows a positive rebound from the current candlestick above the MA(99) moving average line at $114.41, attempting to recover after falling below the MA(7) at $116.07 and the MA(25) at $117.67. The instantaneous volume indicator is at 133K, below the MA(5) average of 269K, suggesting a reduction in selling pressure and the start of a relatively calm accumulation phase.
Target trading points:
Current price: $115.00
First target: $116.07
Second target: $117.67
Third target: $119.77
Key support: $114.41
To regain the bullish trend, price must hold above support at $114.41 and break through resistance at $116.07, with full commitment to risk management.
🚀 Share your thoughts: Do you expect Solana to successfully return above $117 today? Don’t forget to support the post with a like and follow to get all the latest updates!
#SOL #Solana #cryptotrading #AIStocksWhatNext #solana $SOL
