SOL/USDT is currently trading at $133.78, reflecting a -1.31% decrease over the short term. The price is hovering slightly below the VWAP level of $134.52, showing some bearish momentum as the price pulls back from recent highs.

The 200-period moving average sits at $130.68, providing support for now. The price remains above this level, which suggests a potential continuation of the bullish trend if it holds. However, the RSI is at 45.60, indicating neutral momentum and leaving room for further price movement either way.

The MACD indicator shows mixed signals, with the MACD line at -0.24 and the signal line at 0.62, suggesting a potential bearish crossover. This could indicate a possible continuation of the short-term correction unless buyers regain control.

SOL/USDT recently encountered resistance near $135 and is facing a challenge to reclaim higher levels. If the price can hold the $130.68 support, it could push towards the $138 to $140 range. Failure to hold this support could result in a retest of the $128 support zone.

Traders should monitor price action closely as SOL/USDT approaches key support and resistance levels. A strong rebound from the 200-period moving average could confirm further bullish continuation, while a break below could signal a deeper correction.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions.

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