š $SOL /USDT ā Solana Faces Market Correction Amidst Volatility!
Market Structure: Solana (SOL) has experienced a slight decline over the past 24 hours, reflecting broader market volatilit. The price is oscillating between intraday highs of $126.62 and lows of $123.03, indicating market indecisio.
Key Levels:
Resistance: $126.62 (intraday hig)
Support: $123.03 (intraday lo)
Trade Setup:
Entry Zone: $123.50 ā $124.0
Target 1: $125.0
Target 2: $126.0
Stop Loss: Below $123.0
Why This Setup Matters: SOL's current price movement suggests a consolidation phase, with the market testing support and resistance levels. Monitoring these levels can provide insights into potential breakout or breakdown scenario.
Pro Tip: Given Solana's position within the cryptocurrency market, it's essential to stay informed about upcoming network developments and broader market trends that could influence its price actio.
Breakout potential? Keep an eye on $SOL as it navigates these critical support and resistance level!
