$SOL/USDT – Key Support Holding on Binance
Solana (SOL/USDT) is maintaining support around the $160 level on Binance, suggesting buyers are stepping in to defend this critical zone. A decisive breakout above $165 could trigger further bullish momentum, offering a favorable risk-reward setup.
Entry Zone: $161 – $163
Stop Loss: $157
Take-Profit Targets:
Target 1: $167
Target 2: $172
Target 3: $178
Technical Outlook:
Price action near support indicates consolidation, with volume tapering off—often a precursor to a breakout. A confirmed close above $165 on strong volume would strengthen the bullish case.
Recommendation:
Wait for breakout confirmation before full position entry. Maintain disciplined risk management.
