Solana (SOL/USDT) Analysis $SOL
The price is trading in a consolidative rebound range above the 24-hour low of 117.36, where it is currently at 118.37. The 1-hour timeframe (1h) shows the price action stabilizing and holding above nearby support levels, which supports rebound opportunities to retest the 24-hour high at 121.69.
Trade type: Buy (Long)
Entry zone: 117.80 - 118.50
First target: 120.50
Second target: 121.60 (retest of the 24-hour high)
Stop Loss: 116.80 (break below the 24-hour low and consolidation under it)
The price is trading in a consolidative rebound range above the 24-hour low of 117.36, where it is currently at 118.37. The 1-hour timeframe (1h) shows the price action stabilizing and holding above nearby support levels, which supports rebound opportunities to retest the 24-hour high at 121.69.
Trade type: Buy (Long)
Entry zone: 117.80 - 118.50
First target: 120.50
Second target: 121.60 (retest of the 24-hour high)
Stop Loss: 116.80 (break below the 24-hour low and consolidation under it)
