$SOL /USD: Bullish Momentum or Trend Reversal? Watch These Levels

$SOL has surged to $251, showing strong bullish momentum, but the market is at a critical juncture. As price action fluctuates, the key levels are in play for traders.

Key Levels to Monitor

Resistance:

$270 – Immediate resistance to break for a fresh rally.

$285 – The next significant level to aim for if momentum continues.

Support:

$245 – A key level to hold for bullish continuation.

$225 – A critical floor to prevent further downside risk.

Trade Strategy

Long Entry: Above $270

Targets:

1. $280

2. $285

Stop Loss: Below $245

Short Entry: Below $245

Targets:

1. $235

2. $225

Stop Loss: Above $250

Technical Indicators

RSI: At 62.58, near the neutral zone, indicating room for more upside potential.

MACD: Strong bullish momentum with no immediate signs of reversal.

Outlook

A breakout above $270 could signal an extension of the rally, while a drop below $245 may suggest a correction. Keep an eye on volume and price action for confirmation of the next move.

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