Solana ($SOL ) is preparing for a rise: an increase of +1.37% supported by liquidity! 🚀📊
🔍 Technical analysis of price movement:
SOL is stable at $205.40 after reaching a daily high of $210.00 and a low of $201.00.
The trading volume reached 4.25 million SOL units with a total value of $874.25 million, reflecting strong market interest and clear upward momentum.
📊 Market trend:
- Buy ratio: 40.58%
- Sell ratio: 59.42%
Despite sellers relatively dominating, the price shows good consolidation above the immediate support, opening the door for a new upward movement.
🟢 Entry opportunities (Long trade):
- Technical range: between $204.00 – $205.00
(It is preferable to enter after confirming a green candle on the short time frame, while monitoring liquidity in the order book)
🎯 Trading targets:
- TP1: $208.00
- TP2: $210.00
📉 Stop loss:
- Below $202.00 (below the immediate support area)
📌 Technical note:
Price behavior around the level of $206.00 will determine SOL's ability to break through the nearby resistance. It is advised to monitor liquidity and market interaction to confirm the continuation of the trend.
