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💡 Quick technical analysis:
✅ Strong rise followed by profit taking! After SOL reached a peak of $157.00, a slight stable correction began near $148.62, which may pave the way for a new rally if the current support holds.
✅ The RSI indicator is at 42.54 – indicating that the price is still in the neutral zone, with a slight tendency toward overselling, which may suggest nearby buying opportunities.
✅ The MACD shows a slight negative crossover (DIF: 2.97 vs DEA: 3.81), indicating a decline in upward momentum, but the signal difference is still minor, leaving the door open for a quick reversal.
📊 Trading volume is average and stable, with clean and calm price movements indicating potential accumulation before a big movement.
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🚀 Expected scenario:
If the price manages to hold above $148 and retest the $153 level (the highest price in 24 hours), we may see a rally towards:
✅ $160
✅ $168
✅ And perhaps testing levels of $175 in the medium term!
If the price breaks below $147.75 (the lowest price in 24 hours), the next main support is around $132.92.
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🔥 Is SOL ready to take off with the incoming liquidity?!
The current situation indicates the comfort of a warrior after a wave of rising, and any increase in demand could quickly push the price to break nearby peaks!
📢 Share your opinion: Do you think SOL will surpass $160 soon?! Or will the correction continue for a longer period?!
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📌 Important tips:
🔹 Beware of false breakouts, and rely on volume confirmation with breakouts or penetrations.
🔹 Do not enter a trade without a clear stop-loss point below vital support levels.
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