🔥 SOL/USDT Market Update – Will Solana Reclaim Momentum?

Solana (SOL) is currently trading near $146.31 USDT, showing a slight decline of -0.44% in the past 24 hours. The market remains cautiously bearish as SOL sits below major moving averages and struggles to reclaim key resistance levels.

📉 Current Price Range:

Intraday Low: $143.99

Intraday High: $147.71

📊 Technical Indicators:

RSI: 36 – Approaching oversold territory

MACD: Bearish, but momentum weakening

Volume: Low compared to recent averages

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🔑 Key Levels to Watch:

Support: $143.65 → $140.00 → $135.00

Resistance: $148.76 → $149.28 → $154.47

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📌 Potential Scenarios

1. Bearish Breakdown:

If price falls below $143.65, it could slide toward $140 or even $135. Sellers may dominate unless a strong reversal occurs.

2. Range-Bound Movement:

Holding between $143–$149 suggests sideways action. This could create a coiling effect, preparing for a breakout.

3. Bullish Reversal:

A break above $148.76–$149.28 on strong volume might push SOL toward $152.5, $157, or even $160.5.

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🧠 Strategy Tip:

For short-term traders, a breakout above $149 with volume is a potential entry point. Caution is advised below $143.65. Use tight stop-losses and monitor market sentiment.

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