๐ฅ SOL/USDT 4H Chart Analysis - Solana Showing Strong Bullish Momentum! โก๐
Hey #CryptoCommunity! ๐ Letโs break down the latest SOL/USDT 4-hour chart on Binance. Solana is catching attention with its impressive movement, and traders are watching closely. Hereโs what the numbers reveal ๐
๐ Key Metrics
๐ต Current Price: 206.95 USDT
๐ 24h Change: +4.78%
๐ฅ 24h High: 212.08 USDT
๐ข 24h Low: 196.90 USDT
๐ 24h Volume (SOL): 7.97M SOL
๐ฐ 24h Volume (USDT): 1.64B USDT
๐งโ๐ป Chart Insights
Candlesticks: Strong bullish candles dominate the 4H chart, showing buyers in control.
Moving Averages (MAs):
โจ MA(7): 204.90 (short-term trend looking solid)
โจ MA(25): 200.03 (mid-term support confirmed)
โจ MA(99): 191.78 (long-term base trending up)
Since the price is currently trading above all three MAs, it signals clear bullish momentum. โก
Support & Resistance:
๐ก๏ธ Support: 177.27 (buyers likely to defend this level)
๐ Resistance: 213.60 (next target to watch for a breakout)
๐ What Traders Should Watch
Solanaโs strong trading volume and price action suggest that bulls are taking charge. If SOL breaks above 213.60, it could unlock the next leg up. But if it retraces, watch how it reacts near 200 USDT, which aligns with key moving averages.
โก Pro Tip: Momentum traders should keep an eye on volume spikes and MA crossovers - they often confirm strong continuation moves!
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