$SOL / USDT chart and write a fresh Binance post!
$SOL / USDT Continues Bullish Climb on Binance! 🚀
Current Price: $139.38
Change (24h): +3.50%
Solana (SOL) on Binance is maintaining its strong bullish momentum! Following our previous analysis, the 4-hour chart shows
$SOL / USDT continuing its upward trajectory, breaking above the $139 mark.
Key Observations:
* Sustained Uptrend: The price action continues to show a clear uptrend, with consecutive green candles and holding above previous resistance.
* New Highs: SOL has broken above the previous 24-hour high, indicating continued strong buying pressure.
* 24h High: The 24-hour high is now $139.83, suggesting buyers are targeting the $140 level.
* Strong Volume: The 24-hour trading volume for SOL remains healthy at 2.93M, and for USDT it's 398.03M, supporting the bullish move.
Potential Scenarios:
* Testing $140: SOL is likely to test the significant $140 resistance level in the near term. A break above this could open the door for further gains.
* Minor Consolidation: A brief period of consolidation just below $140 is possible before the next push.
* Support Levels: Previous resistance levels around $138 and $136 now act as potential support.
Considerations:
* Monitor the price action closely as it approaches the $140 level.
* Watch the trading volume for confirmation of continued bullish strength.
* Keep an eye on broader market sentiment, which remains a key factor for SOL's price action.
* Consider setting trailing stop-loss orders to protect profits.
Disclaimer: This is not financial advice. Cryptocurrency trading involves significant risk. Conduct your own research before making any investment decisions.
#SOL #Solana #Trading #NewHighs #DYOR