EmmaCalls
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Bullish
$SOL /USDT Breaks Through to New Heights: Momentum Building
#Solana is trading at $283, up by 16.80% in the last 24 hours. With a 24-hour high of $283.11 and a significant volume surge, SOL is capturing traders' attention as it tests critical resistance levels. The momentum suggests further bullish action, but caution remains key.
Key Levels to Watch:
Resistance:
$285.00 (immediate resistance)
$290.00 (next target zone)
Support:
$276.50 (short-term support)
$267.00 (critical support zone)
Trade Setup:
Long Entry: Above $283.50
Targets:
1. $285.50
2. $290.00
Stop Loss: Below $276.50
Short Entry: Below $276.50
Targets:
1. $270.00
2. $267.00
Stop Loss: Above $283.50
Market Insight:
The RSI sits in the overbought region at 71.38, signaling strong upward momentum but hinting at potential consolidation or retracement. The MACD shows bullish divergence, supporting further upside if resistance levels are cleared.
#SOL #SOLNewATH
#Solana is trading at $283, up by 16.80% in the last 24 hours. With a 24-hour high of $283.11 and a significant volume surge, SOL is capturing traders' attention as it tests critical resistance levels. The momentum suggests further bullish action, but caution remains key.
Key Levels to Watch:
Resistance:
$285.00 (immediate resistance)
$290.00 (next target zone)
Support:
$276.50 (short-term support)
$267.00 (critical support zone)
Trade Setup:
Long Entry: Above $283.50
Targets:
1. $285.50
2. $290.00
Stop Loss: Below $276.50
Short Entry: Below $276.50
Targets:
1. $270.00
2. $267.00
Stop Loss: Above $283.50
Market Insight:
The RSI sits in the overbought region at 71.38, signaling strong upward momentum but hinting at potential consolidation or retracement. The MACD shows bullish divergence, supporting further upside if resistance levels are cleared.
#SOL #SOLNewATH
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