Updated SOL/USDT 15-Minute Chart Analysis 🧐

Current Price: $172.16

Last Major Dip (Support): $166.00

Visible Resistance Zone: $174.00

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1. Key Support & Resistance (Updated)

Support Levels

• $166.00 – $167.00: Confirmed strong support, as this is where the recent sharp dip reversed — marking a sweep of liquidity.

• $160.00 (backup level): Historical psychological support — if $166 breaks.

Resistance Levels

• $174.00 – $175.00: Immediate resistance — this level rejected price twice, showing clear seller strength.

• $176.00 – $177.50: Still valid as higher resistance, marking New York session highs.

• $182.50: Long-term resistance and upside target if SOL breaks out.

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2. Market Structure

• Short-term: Bullish, as the price made a higher low at $166 and is pushing up.

• Still in a corrective recovery, trying to retest supply around $174.

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3. Volume & Price Reaction

• Price bounced with strong volume from $166, suggesting possible smart money interest.

• Current push upward is on lower volume, showing caution around resistance.

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4. Action Plan

If Bullish:

• Entry idea: Wait for a clean break and retest of $174.00, then target $177 and $182.

• SL below $171–$172 depending on entry.

If Bearish:

• Short around $174–175, if there’s clear rejection with bearish engulfing or wick rejections.

• Target back down to $168 and $166.

• SL above $176.00

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Conclusion

• $166 is your key support.

• $174 is the critical resistance to watch for breakout or rejection.