$SOL /USDT Here's a concise interpretation of what's happening:
📊 SOL/USDT Order Book Snapshot
ActionPriceNotesSell177.00Nearest resistance zone176.00–175.00Sell pressure layering downMid Price173.70Current market priceBuy173.54–169.00Buy wall forming near 170 zone
🔎 Key Observations
Narrow spread: 173.69 (Sell) vs 173.70 (Buy) suggests high liquidity and tight pricing.
Price congestion around 174–175.76: Indicates potential short-term resistance.
Support forming from 173.54 downward to 169.00: Strong buying interest evident.
🧭 Short-Term Implications
If SOL breaks above 175.76, it could retest 177.00.
If it fails to hold 173.54, possible dip toward 171.00–170.00 where buyers are stacked.
Would you like a trade setup or technical analysis for SOL on a 1H or 4H chart?
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