SOLANA (SOL) RISES +6.24%! WILL IT CONTINUE BULLISH OR IS THERE A CORRECTION?
Currently, Solana (SOL) is trading at $132.89, up +6.24% in the last 24 hours. Here is a brief analysis:
🔹 High 24H: $136.03
🔹 Low 24H: $124.96
🔹 Volume 24H: 3.63M SOL (~$478.08M)
📊 Technical Analysis (TF 5M)
✅ SOL briefly touched resistance at $136.03, then experienced a pullback
✅ Nearest support at $129.70, if breakdown could continue to $126.76
✅ If breakout at $136.50, potential rally to $140+
💡 Trading Strategy:
🔸 Bullish case: Wait for confirmation of breakout above $136.50 for long entry
🔸 Bearish case: If it fails to hold at $129.70, could short with a target of $126.76
🔸 Risk management: Always use SL and adjust according to volatility
What do you think? Will SOL continue to rise or experience a correction? Drop your analysis in the comments! 🚀👇