$SOL 🚨 SOL/USDT Market Update 🚨
Solana (SOL) continues to show strength despite recent market fluctuations. After bouncing off key support at $130, SOL is eyeing a breakout above $145, which could open the path toward the $160 psychological zone. Bullish momentum is building, supported by increasing trading volume and on-chain activity, especially in the DeFi and NFT sectors.
Traders should watch the $138–$145 range closely — a decisive move above this zone could signal a strong bullish continuation. However, failure to hold support may lead to a retest of lower levels around $125.
🔎 Technical Outlook:
RSI trending upwards (above 50)
50 EMA acting as dynamic support
Volume profile shows accumulation
💡 Strategy Tip: Consider dollar-cost averaging if you're bullish long-term. For short-term traders, wait for confirmation above $145 before entering.
