š„SOL Spot Grid Bot Setup š„
For traders looking to deploy a Spot Grid Bot for Solana ($SOL ) in April 2025, selecting an effective price range is crucial for maximizing profits in a consolidating market. Based on SOLās price action from March to April 2025, hereās the recommended range for your bot.
In the past month, $SOL price fluctuated between a low of approximately **$112.50** (April 3, 2025) and a high of around **$160** (mid-March resistance). The token experienced a **7.09% increase** over 30 days, with support forming at **$118ā$128** and resistance at **$155ā$160**. Given this data, a suitable price range for a Spot Grid Bot is **$120ā$160**.
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š„Lower Range ($120ā$130)š„: This aligns with recent support levels, capturing buy orders during minor pullbacks while avoiding extreme lows.
š„Upper Range ($150ā$160)š„: This targets near-term resistance, allowing sell orders to capitalize on short-term peaks.
Set a grid spacing of **$1ā$2** across 20ā40 grids, depending on your capital (e.g., $500ā$1,000). Monitor for breakouts above $160 or drops below $120, and adjust accordingly. This range leverages SOLās recent consolidation, balancing risk and reward for efficient grid trading.