$SOL /USDT Technical Analysis: Bounce Potential with Targets
$SOL /USDT is trading at $219.77, showing a slight recovery after a correction. The price is rebounding from lower support, signaling a potential move higher.
Technical Analysis:
Support Zone: $213.00 – $216.00
Resistance Levels:
1. Immediate: $222.00
2. Key: $226.00
The chart shows a bounce from the $213.00 zone with buyers stepping in. If SOL maintains upward momentum, the price could target key resistances.
Trading Signal:
Entry Zone: $218.00 - $220.00
Targets:
1. Target 1: $222.00
2. Target 2: $226.00
3. Target 3: $230.00
Stop Loss: Below $216.00
Market Insights:
SOL has gained 68.36% in the last 90 days and 192.92% over the year, reflecting consistent long-term strength.
A push above $222.00 could confirm bullish momentum, paving the way toward higher targets.
Risk Management Tip: Place stop loss near key support and take partial profits at each target to lock gains.