SOL / TetherUSLong
SOLUSDT Analysis – Potential Bullish Reversal
📉 Current Market Structure:
SOL is currently trading at $201.39, showing a downward trend that has reached a key support zone (highlighted in white). A descending trendline has been respected, but price action suggests a potential breakout.
📈 Bullish Scenario:
A breakout above the descending trendline could indicate a trend reversal.
If SOL maintains support and breaks above this level, the next key resistance zones to watch are around $295.90 and $332.53.
The red arrow suggests a potential upward move if buyers step in.
⚠️ Key Levels to Watch:
✅ Support Zone: ~$190 - $200
✅ Breakout Confirmation Above: ~$210
✅ First Major Resistance: ~$295
✅ Final Target: ~$330+
🔎 Conclusion:
If SOL successfully breaks above the trendline with strong volume, we might see a bullish move toward the next resistance levels. However, if the support zone fails, further downside may be expected. Keep an eye on price action and confirmation signals before entering a trade!
💬 What are your thoughts on SOL's next move? Drop a comment below! 👇
SOL is currently trading at $201.39, showing a downward trend that has reached a key support zone (highlighted in white). A descending trendline has been respected, but price action suggests a potential breakout.
📈 Bullish Scenario:
A breakout above the descending trendline could indicate a trend reversal.
If SOL maintains support and breaks above this level, the next key resistance zones to watch are around $295.90 and $332.53.
The red arrow suggests a potential upward move if buyers step in.
⚠️ Key Levels to Watch:
✅ Support Zone: ~$190 - $200
✅ Breakout Confirmation Above: ~$210
✅ First Major Resistance: ~$295
✅ Final Target: ~$330+
🔎 Conclusion:
If SOL successfully breaks above the trendline with strong volume, we might see a bullish move toward the next resistance levels. However, if the support zone fails, further downside may be expected. Keep an eye on price action and confirmation signals before entering a trade!
💬 What are your thoughts on SOL's next move? Drop a comment below! 👇
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
"🤖 Smart Trading Bots | 🚀 Advanced Market Analysis & Strategies | Helping You Trade Smarter, Not Harder!"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.