🚨 👉 Trade Signal: $SOL
Buy SOL/USDT at 153$ - $156
Targeting resistance near $161.50–$163.00
stop loss below $150.00
Technical Analysis: $SOL
Current Price: $156.34 (+1.98%)
Support Zone: $149.50 – $150.00
Resistance Zone: $161.00 – $163.50
Key Indicators:
MA(7): $153.76 (short-term bullish cross)
MA(25): $150.50 (recently flipped support)
MA(99): $161.01 (approaching significant resistance)
Structure:
The price bounced strongly from the $141.53 bottom, forming higher lows and higher highs on the 4H chart.
The recent bullish breakout above the MA(7) and MA(25) shows buyers gaining control.
Volume is steadily increasing, indicating sustained interest in this move.
Potential Scenarios:
Bullish Continuation: If SOL holds above $153.50, it could quickly test the MA(99) near $161.00 and possibly push towards the previous high at $163.64.
Bearish Rejection: If SOL fails to break $161.00 convincingly, it might retest the $152.00 – $150.00 support zone.
Momentum favors bulls right now with a clear path to test higher resistance levels unless heavy rejection occurs near the MA(99).