SOL
📉 Key trading levels for today
• Resistance levels (upside): The main barrier for the bulls is at $121.91–$122.10. A sustained move above this level would open the way to the next target around $124.00–$124.95. However, aggressive sell orders currently dominate the futures market, making an immediate breakout more difficult.
• Support levels (downside): The nearest buyers’ defense level is in the $117.12–$118.00 zone. If the price falls below it, trading will move to the deeper support zone at $115.00.
My outlook for the rest of the day: The most likely scenario is that the current range-bound movement will continue. A breakout above $122.10 or a drop below $117.00 will determine the trend for the end of the week.
📉 Key trading levels for today
• Resistance levels (upside): The main barrier for the bulls is at $121.91–$122.10. A sustained move above this level would open the way to the next target around $124.00–$124.95. However, aggressive sell orders currently dominate the futures market, making an immediate breakout more difficult.
• Support levels (downside): The nearest buyers’ defense level is in the $117.12–$118.00 zone. If the price falls below it, trading will move to the deeper support zone at $115.00.
My outlook for the rest of the day: The most likely scenario is that the current range-bound movement will continue. A breakout above $122.10 or a drop below $117.00 will determine the trend for the end of the week.