$SOL /USDT 15-min Chart Update

Price: $141.82

Change: -4.22%

Following a significant decline, SOL has shown signs of a potential bounce from the $140.32 level, with some buying interest emerging. The price has now moved above the 7 MA, suggesting a possible short-term upward trajectory.

๐Ÿ”น Potential Entry Zone: $141.50 - $142.00

๐Ÿ”น Stop Loss: Below $140.00

๐ŸŽฏ Potential Target: $144.00 - $145.00+

Key Observations from the Chart:

* Support Test: The price appears to have found temporary support around the $140.32 mark (as indicated by the lower orange arrow). ๐Ÿ›ก๏ธ

* Volume Increase: There's a noticeable increase in volume accompanying some of the recent green candles (as highlighted by the green upward arrow), which could signal growing buying pressure. ๐Ÿ”ฅ

* 7 MA Crossover: The price crossing above the 7-period moving average (yellow line) is a short-term bullish signal.

* Resistance Levels: Keep an eye on the 25 MA (red line) and the 99 MA (purple line) as potential resistance levels that could hinder further upward movement. โš ๏ธ

Quick Take:

A short-term trading opportunity might be developing for scalpers if SOL can maintain momentum above the 7 MA. Breaking above the immediate resistance levels will be crucial for a more substantial move upwards.

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