๐ฅ๐๐SOL/USDT Trading Signals ๐๐
๐ Technical Analysis & Trading Signals
Short-Term (1H Timeframe):
Signal: Buy
Entry Zone: $160 โ $165
Targets: $170 (TP1), $175 (TP2)
Stop Loss: $155
Support: Strong zone at $156โ$158
Resistance: Immediate at $164โ$170; a breakout above $170 could indicate bullish continuation
Mid-Term (Daily Timeframe):
Pattern: Inverse Head and Shoulders
Entry Point: $167.77
Stop Loss: $139.69
Take Profit Targets: $208.26 (TP1), $252.47 (TP2)
๐ Market Sentiment & Developments
MetaMask Integration: MetaMask has announced native support for Solana, enabling users to store SOL tokens and interact directly with Solana dApps, potentially increasing adoption. The Defiant
Network Activity: An increase in active Solana wallet addresses has been observed, indicating growing network engagement. Blockchain News
Price Forecast: Analysts predict that SOL could reach between $208 and $252 in the coming months, contingent on market conditions and network developments. TradingView
๐ ๏ธ Trading Recommendations
Buy: If SOL retraces to the $160โ$165 range, consider entering a long position with targets at $170 and $175.Binance+1Mitrade+1
Hold: For existing positions, monitor for a breakout above $170, which could signal further upside potential.
Sell: If SOL fails to hold above the $155 support level, it may indicate a bearish trend, warranting caution.