🔥 SOL/USDT – Solana Shows Signs of a Strong Rebound! 🔥
Solana is trading at $176.93 (+1.13%), bouncing strongly from the recent support zone near $165.5 after a period of consolidation. The recovery above the EMA34 (170.68) signals renewed bullish momentum, with the next challenge at $182.5 and a bigger target at $196.
Technical Signals:
EMA34 > EMA89 > EMA146 – price structure turning bullish again.
MACD is flattening, indicating selling pressure is fading and a potential bullish crossover is on the horizon.
RSI at 60 – healthy momentum, still room to grow before overbought territory.
If bulls push SOL above $182.5, the path towards $196 and even the previous high of $206.4 could reopen. However, if the price falls back below $170, we could see a retest of $165 or even $155 as support.
⚡ Short-term traders: Watch the $182.5 breakout level closely.
💎 Long-term believers: This could be the start of the next leg higher if market sentiment stays bullish.
📢 Will SOL retake $200 this month? Share your predictions below!