📊 $SOL
SOL/USDT Price Action – Key Support & Resistance Zones 🔍
Currently, SOL is trading at $153.12 (+1.32%) and showing signs of strength as it attempts to break through resistance levels. Let’s break down the structure using support and resistance zones. 👇
📌 Resistance Levels:
$153.50 – $154: Price is struggling around the EMA(99) zone (purple line). A solid close above this could trigger more upside.
$161.16: A previous rejection zone — key level to watch for bullish continuation.
$168.36: Strong historical resistance; bulls need high volume to reclaim this.
📌 Support Levels:
$149.00: The 24h low and EMA(25) area – acting as short-term support.
$142.50: A crucial demand zone tested multiple times.
$126.00: Major swing low and a critical floor — breaking this would indicate a bearish trend continuation.
📉 Indicators:
EMA(7) > EMA(25) → short-term bullish momentum 🌟
MACD shows a mild bullish crossover ✅
Volume is moderate; breakout will need stronger participation 📈
🚀 If bulls maintain above $153.50, SOL could eye $161+ next. But if price gets rejected here again, a retest of $149 and $142 levels is likely.
Stay sharp, traders! Watch the candles and volume near resistance — breakout or fakeout will decide the next move. 🔁💹