Hereโs a technical overview of $SOL /USDT (Solana) :
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๐น SOL/USDT Market Snapshot
Current Price: $168.62
Change: -$3.59 (-2.08%)
Recent High: $176.00
Recent Low: $166.25
Market Sentiment: โ ๏ธ Mildly Bearish (short-term pullback)
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๐ Key Price Levels
Type Price Note
Resistance $175.00โ176.00 Recent top, selling pressure area
Current $168.62 Trading zone (mild support)
Support 1 $166.25 Recent low, first demand zone
Support 2 $162.00 Next strong support if pullback extends
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๐ Order Book Insights
Sell Wall: $171.00โ175.00
Buy Wall: Around $168.45 and below
Tight bid-ask spread (0.01), indicating high liquidity.
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๐ Short-Term Outlook
SOL is in a pullback phase after testing the $176 area.
Price action is hovering around short-term support near $168.45.
If it breaks below $166.25, downside risk may open toward $162.
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โ๏ธ Trading Strategy Ideas
Strategy Entry Range Target Risk/Stop
Bounce Play $166.50โ168.00 $173.00โ175.00 Stop < $165.50
Breakout Trade Above $176.00 $180.00+ Stop < $172.00
Scalp Trade $168.50โ169.00 $170.50โ172.00 Tight trailing stop
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๐ง Summary
The trend remains bullish long-term, but current pullback may offer better entries.
Watch $166.25 as critical short-term support.
A rebound above $171.69 would show bullish strength returning.
Would you like a chart with indicators (e.g., RSI, MACD) or guidance on fundamentals and Solana ecosystem developments?
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