Price Movement Analysis of SOL

Current Situation

SOL is trading at around 135.057 USDT, having decreased by 5 USDT over the past day. The price below the 20-day moving average (150.87) indicates short-term weakness.

Technical Analysis

* Range to watch: 137.78-150.87.

* MACD indicator is negative, indicating bearish momentum.

* Highest trading volume — 05:00: price dropped from 138.355 to 132.696.

Market News

* **Institutional Sales**: withdrawal of 1.34 million SOL from Coinbase Prime.

* **Potential Listing on Nasdaq**: possible catalyst for growth.

* **Breakout to $160**: possible if resistance is overcome.

* **Outflow from Exchanges**: significant net outflow — bullish signal.

Outlook

The fundamental indicators for SOL are strong. A breakout at 163.97 will confirm a bullish trend. For BingX traders, the current price is an entry opportunity with a target of $160.

*Support Level: 132-133 USDT.* Information provided by AI, not investment advice.