🔍 Technical Analysis of SOL/USDT:
After a strong rise of SOL from its previous lows reaching a peak of 297 dollars, a violent corrective downtrend began.
Then the price rebounded from support areas and broke the bearish structure, indicating the beginning of a trend change for a new rise.
✳️ The price is currently at 150 dollars, which is:
A golden Fibonacci zone.
Corresponding to a buying order block.
A good opportunity to enter from the current levels.
📌 A second potential entry area: 140 dollars, in case the price drops to test deeper support before completing the rise.
---
📈 Expected Scenario:
We expect to continue rising provided a daily close above 186 dollars is achieved, which is an important resistance level.
🎯 Upcoming Targets:
1. 208 dollars
2. 244 dollars
3. 296 dollars (returning to the previous peak)
☑️ It is preferable to take partial profits at each target. ☑️ You can also take initial profits at the level of 186 if the price tests it and signs of weakness appear.
---
⚠️ Stop Loss:
A daily close below 125 dollars cancels this bullish scenario and shifts the outlook to negative.
---
🛑 Alert:
This is not a buy or sell recommendation, but rather personal technical analysis. Do your own research before making any investment decision.
