$SOL trading setup for Solana (SOL):
*Current Price*: Solana is trading at $181.69, with a 1.80% increase.
*Support Level*: $175.69 (recent low)
*Resistance Level*: $182.42 (recent high)
Trading Strategy
- *Entry Zone*: Consider entering a long position near the support level of $179.01
- *Stop Loss (SL)*: Set a stop loss at $174.24 to limit potential losses
- *Take Profit Targets*:
- *Target 1*: $191.06 (potential resistance level)
- *Target 2*: $196.81 (higher resistance level)
Market Analysis
Solana's price has increased by 0.17% in the last 24 hours, with a market capitalization of $96.58 billion. The token's price performance shows a 15% better performance than the stock market over the past year, with a 25.97% increase ¹.
Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Always prioritize risk management and thorough research .