$SOL ⚡ #SolanaOnTheRise: SOL/USDT +2.92% – Is this the start of a new momentum?
Solana (SOL) has recorded a jump of +2.92% against USDT, sparking interest among active traders on Binance. After days of sideways movement, this action could mark the beginning of a new bullish phase.
🔍 Key points of the movement:
Increasing volume: The rise was accompanied by a notable increase in volume, indicating greater market participation.
Respected support: SOL bounced strongly from a key technical support zone, attracting buyers.
Positive narrative: The Solana ecosystem continues to expand with new DeFi and NFT projects that strengthen its adoption.
🎯 What to look for as a trader?
Resistance breakout: If the price surpasses the next barrier, a wave of longs could be activated.
Potential reversal: A quick correction is not ruled out if the rally does not hold.
Technical indicators: RSI and MACD are starting to show bullish signals on the 1h and 4h time frames.
🧠 Suggested strategy:
Entry with confirmation of a breakout.
Tight stop-loss below the last support.
Partial target at the next psychological level ($X to be defined according to the chart).
---
📈 #Solana is showing signs of life. Are you ready to ride this movement? Don't forget your risk management.
#SOL #TradingCrypto #BinanceTraders $SOL