๐ Trading signal ๐ฅ ๐
๐จ Solana ($SOL ) Looks to Break $200! ๐
Market Analysis:
๐ Solana has rallied 5.75% in the previous 24 hours to $133.55.
๐ SOL is among the top 5 cryptocurrencies with a market worth of roughly $68.12 billion.
Price Analysis:
๐ SOL is consolidating in a symmetrical triangle pattern.
๐ Market mood is optimistic, with traders watching $134.
Key Levels:
๐ซ Major resistance: $137.87, $149.65, and $162.58
๐ Intraday support: lower trendline, $125.94, and $113.16
Technical Indicators:
๐ Stochastic RSI: 90.79/95.36 (overbought)
๐ Trend weariness and a near-term drop possible
Price Targets:
๐ฏ R1: $137.87
๐ฏ R2: $149.65
๐ฏ R3: $162.58
๐ Technical goal: $165-170 (upward breakthrough) or $100-105 (downward breakdown)
Market News:
๐ Wall Street gets Solana futures ETFs, boosting bullish pressure.
๐ First altcoin-tracking Solana futures ETFs to have 0.95% and 1.85% cost ratios.
