๐ SOL/USDT Price Action โ Key Support & Resistance Zones ๐
Currently, SOL is trading at $153.12 (+1.32%) and showing signs of strength as it attempts to break through resistance levels. Letโs break down the structure using support and resistance zones. ๐
๐ Resistance Levels:
$153.50 โ $154: Price is struggling around the EMA(99) zone (purple line). A solid close above this could trigger more upside.
$161.16: A previous rejection zone โ key level to watch for bullish continuation.
$168.36: Strong historical resistance; bulls need high volume to reclaim this.
๐ Support Levels:
$149.00: The 24h low and EMA(25) area โ acting as short-term support.
$142.50: A crucial demand zone tested multiple times.
$126.00: Major swing low and a critical floor โ breaking this would indicate a bearish trend continuation.
๐ Indicators:
EMA(7) > EMA(25) โ short-term bullish momentum ๐
MACD shows a mild bullish crossover โ
Volume is moderate; breakout will need stronger participation ๐
๐ If bulls maintain above $153.50, SOL could eye $161+ next. But if price gets rejected here again, a retest of $149 and $142 levels is likely.
Stay sharp, traders! Watch the candles and volume near resistance โ breakout or fakeout will decide the next move. ๐๐น
