$SOL /USDT Trading Signal & Analysis
Current Price: $126.48 (+1.82%)
24H High: $126.72 | 24H Low: $121.76
Volume: 2.71M SOL (336.34M USDT)
Timeframe: 15-minute chart
Solana ($SOL ) has shown strong bullish momentum, breaking through resistance levels and reaching a new 24-hour high of $126.72. The price has recently surged from a low of $123.08, forming a solid upward trend.
Trading Signal:
Entry Point: Buy near $126.50–$126.00 (on slight retracement)
Target 1: $128.00
Target 2: $130.50
Stop Loss: $124.80
Analysis & Strategy
The recent price action suggests a continuation of the uptrend, with SOL pushing towards new highs. The increasing volume indicates strong buying pressure. Traders should watch for a minor pullback towards $126.00, which can be a good entry point. If SOL sustains above $126.50, it has the potential to test $128.00 and beyond. However, if the price falls below $124.80, it might signal a short-term correction.
Risk Management:
Always use a stop-loss to protect capital, and consider taking partial profits at Target 1 while letting the rest ride toward Target 2. Keep an eye on Bitcoin's movement as it can impact SOL's price action.
Happy Trading!
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