🔹 Solana (SOLUSDT) Update

🔍 Technical Analysis of SOL/USDT:

After a strong rise of SOL from its previous lows reaching a peak of 297 dollars, a violent corrective downtrend began.
Then the price rebounded from support areas and broke the bearish structure, indicating the beginning of a trend change for a new rise.

✳️ The price is currently at 150 dollars, which is:

A golden Fibonacci zone.

Corresponding to a buying order block.

A good opportunity to enter from the current levels.

📌 A second potential entry area: 140 dollars, in case the price drops to test deeper support before completing the rise.

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📈 Expected Scenario:

We expect to continue rising provided a daily close above 186 dollars is achieved, which is an important resistance level.

🎯 Upcoming Targets:

1. 208 dollars

2. 244 dollars

3. 296 dollars (returning to the previous peak)

☑️ It is preferable to take partial profits at each target. ☑️ You can also take initial profits at the level of 186 if the price tests it and signs of weakness appear.

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⚠️ Stop Loss:

A daily close below 125 dollars cancels this bullish scenario and shifts the outlook to negative.

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🛑 Alert:
$SOL


This is not a buy or sell recommendation, but rather personal technical analysis. Do your own research before making any investment decision.