MARKET UPDATE] SOL/USDT Building Strength – Eyes on Breakout

Solana (SOL) continues its bullish momentum, trading at $133.39, up +2.33% on the day. After rebounding from the weekly low of $127.71, SOL is showing solid consolidation just below the local high of $136.13, indicating potential for a breakout.

Technical Snapshot:

• SOL is trading comfortably above all key EMAs:

• EMA(7): $131.61

• EMA(25): $127.74

• EMA(99): $123.08

• This bullish alignment of moving averages supports upward momentum.

• Stoch RSI is in the recovery phase (38.10), indicating more room for price to climb.

• Volume remains strong with 3.49M SOL traded in the last 24 hours.

• Order book shows a near-even buyer/seller split, suggesting a key decision point for the market.

Watch Closely:

• A break and close above $136.13 could trigger a move toward $137.88 and beyond.

• Immediate support lies at the $130.20 level – a good area for dip buys.

• Traders should watch for momentum confirmation as the Stoch RSI resets from the lower band.

Overall Outlook: Bullish bias continues with potential for an upside breakout if market conditions stay favorable.

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