$SOL 🔻 Solana (SOL) drops -5.10% against USDT: correction or exit signal?
#SOLUSDT #TradingBinance
The SOL/USDT pair experiences a drop of -5.10% in the last 24 hours, attracting attention among active traders on Binance. This pullback comes after several days of bearish pressure in the crypto market, combined with a decrease in trading volume in DeFi and NFT on the Solana network.
📉 Possible reasons for the drop:
🔻 Technical correction after failing to break the resistance at $180.
🚫 Lower activity in DApps and NFT on the Solana network.
🧯 Capital outflow towards Ethereum and other altcoins with greater momentum.
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🧭 Key levels for traders on Binance
Immediate support: $153
Critical support: $142
Resistance: $168
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🛠️ Strategies to take advantage of the movement
1. Scalping or technical bounces near the supports, with strict risk management.
2. Limit orders between $150–$155 in case of a bounce with volume.
3. If the price breaks $142, it could open an opportunity for a short in futures.
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📌 Conclusion
The drop of -5.10% in SOL may represent an entry opportunity for those expecting bounces at support levels. However, traders on Binance should remain alert to volume and overall market dominance before opening aggressive positions.