$SOL /USDT BULLISH BREAKOUT IN PROGRESS — EYES ON NEW HIGHS ABOVE $160+!
Current Price: $157.95
24h Change: +6.49%
Volume (USDT): 590.35M
Timeframe: 15m
Technical Analysis:
$SOL /USDT is showing strong bullish momentum after breaking above the $154.00 resistance, now flipped to support. Buyers are in control, as seen in the surge towards $158.50. The bullish structure remains intact as long as price sustains above key intraday supports.
Key Levels:
Resistance Zones:
$158.50 (Immediate resistance)
$160.80 (Next key breakout zone)
Support Zones:
$154.00 (Confirmed support)
$150.50 (Major swing low and trendline support)
Trade Setup (LONG):
Entry: Between $156.50 – $157.50 (on retest/pullback)
Take Profit (TP):
TP1: $160.00
TP2: $163.50
TP3: $167.00
Stop Loss (SL): $153.80 (below key support)
Market Outlook:
SOL is riding the broader market recovery and institutional accumulation seems likely at current levels. With rising volume and breaking through resistance, further upside looks probable unless BTC weakens sharply. Watch for volume continuation above $158.50 for confirmation of next leg up.
Risk Management:
Risk 1-2% of your capital only. Ensure you set SL and don't overleverage in this volatile zone. Use trailing SL if trade goes in profit.
