๐ Chart Overview$SOL USDT
Current Price: $190.02 (+4.73%)
EMA 50 (Blue Line): Acting as a dynamic guide /resistance.
Support & Resistance Levels: Auto-plotted (thick red = resistance, thick blue = guide ).
๐ข Bullish Signs
Price Trading Above EMA 50:
Price has reclaimed the EMA 50 line, suggesting bullish momentum.
Historically, this has supported in addition upward motion in uptrends.
Higher Low Formation:
After the drop round $ one hundred ten โ$120, SOL has revealed a better low (~$140), a signal of fashion reversal.
Breakout Attempt:$SOL
Price is nearing a resistance quarter at $200โ$210. If broken, the subsequent key resistance is round $295โ$ three hundred .
๐ด Resistance Levels
$200โ$210: Local resistance quarter ( preceding highs).
$295.83: Major resistance (highlighted in red), from preceding marketplace cycle highs.
๐ต Support Levels$SOL
$ a hundred and seventy .87: Nearest guide if fee retraces.
$159.84: Stronger guide close to EMA and former consolidation quarter .
$ one hundred ten .00: Long- time period guide , backside of ultimate predominant correction.
๐ Volume Analysis
Volume appears steady; spikes round fee swings display hobby in the ones fee levels.
However, modern-day rally could preferably want growing quantity to affirm strength.
๐ Price Targets (If Bullish Momentum Continues)
Short-Term: $200โ$210 ( look ahead to breakout or rejection).
Mid-Term: $240โ$250 range.
Long-Term: $295โ$ three hundred predominant resistance quarter .
โ ๏ธ Risks / Bearish Considerations
Failure to keep above $180โ$ a hundred and seventy quarter may also cause retest of $159โ$160.
If macro situations flip risk-off (crypto- huge correction), revisit of $ one hundred ten isnโt impossible.
โ Summary
Trend: Recovering bullish fashion , better low and breakout attempt.
Watch: $200โ$210 quarter closely.
Key Supports: $ a hundred and seventy .87 โ $159.84 โ $ one hundred ten
Key Resistances: $200 โ $240 โ $295.83
Let me realize if you would like a short- time period (4H/1D) chart evaluation or a buying and selling approach primarily based totally in this setup. #BTCvsETH
