Coin : $SOL
Signal : Mixed. Read the full article to understand.
Solana ($SOL) is currently facing a critical resistance at $187, which marks the Value Area High (VAH) on the long-term volume profile. This is the final hurdle before a potential move toward the $200 psychological level. The trend remains bullish overall, with SOL maintaining its position above key EMAs, signaling continued strength. However, traders should exercise caution at this point. If SOL gets rejected from the $187 level again, a pullback toward the EMA support around $160 is likely. This is not the time to enter a position—wait for confirmation. A breakout above $187 would present a solid long opportunity, while a clear rejection could set up a short trade. Keep a close eye on Bitcoin as well, as its price action continues to heavily influence SOL’s movements. Timing your entry based on Bitcoin’s direction will be key.
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USDT Dominance (USDT.D) is currently moving within a short-term falling trend channel, suggesting a gradual shift away from stablecoins and potential risk-on sentiment returning to the crypto market. As capital rotates out of USDT, it often signals renewed interest in altcoins and Bitcoin, increasing the probability of a broader market upswing. This environment supports a more bullish bias, making long trade setups more favorable than shorts. Traders should monitor this trend closely, as continued weakness in USDT dominance may further fuel momentum across the crypto space, offering attractive entry points for bullish positions.
Trade setup idea :
Solana ($SOL) is testing key resistance at $187, the long-term VAH. A breakout above this level signals bullish continuation and a long entry opportunity. If rejected, expect a pullback toward the $160 EMA support—ideal for a short setup. Wait for confirmation before entering. Bitcoin’s movement remains a key influence.
