$SOL SOL/USDT Market Update: Recovery in Progress? 🔄

📉 Current Price: $247.41 (-1.01%)

🔼 24H High: $256.77

🔽 24H Low: $230.00

Key Levels to Watch:

Resistance: $248.55–$256.77

Support: $237.77–$230.00

Analysis:

Solana has shown a strong bounce from its $230 low, climbing back above $247. If SOL sustains its upward momentum, it may test the $256 resistance zone. However, failure to hold current levels could see it revisiting support at $237.77. Trading volume suggests growing market interest, signaling potential for further movement.

Pro Tip: Keep an eye on volume at resistance levels for confirmation of a breakout. For short-term traders, consider setting stop-losses below $237 to manage risk effectively.

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