Hey traders!
SOL is starting to look primed for a bounce. After a healthy correction from the recent high of $184.88, the price seems to be finding support — and the technicals are aligning for a potential bullish setup.
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Why SOL Could Be Gearing Up for a Rebound:
Current Price: $171.19 (down -2.91%) — potential buy-the-dip zone.
Strong Support Zone: $166.18–$168 area holding firm.
RSI: Sitting at 43.48 — room to run before it’s overbought.
MACD: Just turned green — early signs of bullish crossover.
Volume: 24h volume remains strong at 541M USDT — buyers haven’t left.
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Chart Watch:
If SOL holds above $170, we could see a push toward $178, with a breakout target of $185+.
A dip into the $166–$168 range may offer a high-risk/reward entry if support holds.
Look out for a bullish MACD confirmation and RSI trending back above 50.
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My Strategy:
🔹Buy Zone: $168–$172 with confirmation of support.
🔹TP (Take Profit): $178 short-term, $185–$190 mid-term.
🔹SL (Stop-Loss): Below $165 in case support fails.
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Final Thoughts:
SOL’s price action is showing early signs of reversal. The indicators are aligning, and if the $170 support solidifies, bulls may soon regain control. Stay patient, plan your trade, and let the trend guide you.
Could this be the pivot point before the next rally? Keep your eyes on the chart.
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