$SOL $BTC SOLUSDT
Perp
129.51
+2.33%
šØ Crypto Man Shocking Analysis ā SOL/USDT Tight Pressure for a Big Move?
The current price of SOL is 129.57 ā so far a slight down move of -1.08%, but the market feels like a pressure cooker ready to explode. The 24h high reached 136.13 and the low was at 125.32 ā meaning the market is playing a heavy game within the range.
Condition of Volume:
The 24h volume on the SOL side is 4.75M and on the USDT side is 622.89M ā this shows that buyers made a strong attempt earlier, but sellers have put up a big wall above 136. The price is now stuck below 130, and a tug of war between buyers and sellers is ongoing.
Key Levels:
If
$XRP #breaks the level of 133.50-134.00, the next target could be 136.50 and then a blast to 138.80.
However, if the support at 128.00 breaks, a selling wave could drag the price down to 125.00 and 122.50.
š„ Pro Tip:
It will be safe to go long on a breakout at 133.50-134.00 ā but if selling volume becomes active below 128.00, taking a short position will be a better move.
What do you think? Will SOL blast up from here or drop down to shake the market? Let the Crypto Man Family know by commenting!
#BinanceAlphaAlert #sol