$SOL SOL
Technical Analysis for SOL/USDT (Latest Data)**
**Current Price:** **125.67 USDT (-3.06%)**
- **Mark Price:** 125.67 (aligned with last price, no major divergence).
- **24H Range:** **124.68 (Low) – 134.41 (High)** → **Price is near the daily low**, indicating **bearish pressure**.
**Key Observations & Indicators**
**1. Order Book & Liquidity Levels**
- **Bid/Ask Imbalance:** **50.79% Bids vs. 49.21% Asks** → Slightly stronger buying interest but negligible dominance.
- **Key Support (Bid Stack):**
- Strong bids at **125.67-125.63** (immediate support).
- Next major bid zone at **120.71-115.75** (if breakdown occurs).
- **Key Resistance (Ask Stack):**
- Thick asks at **125.68-125.72** (immediate resistance).
- Next hurdle at **130.64-135.60** (24H high rejection zone).
**2. Volume & Market Activity**
- **24H Volume (USDT):** **$3.10B** → High liquidity, but recent selling pressure.
- **Price near 24H Low (124.68)** → Suggests **bearish control** unless reclaimed above **126**.
**Price Action Scenarios**
**1. Bullish Reversal (If Support Holds)**
- **If 125.63-125.67 holds**, a bounce toward **126-130** is possible.
- Break above **130.64** could target **134.41 (24H high)**.
- **Confirmation:** Rising RSI (>50) and bid depth increasing.
**2. Bearish Continuation (If Support Breaks)**
- Breakdown below **125.63** → Test **124.68 (24H low)**.
- If **124.68 fails**, next support at **120.71** (psychological level).
- **Confirmation:** High ask liquidity and increasing sell volume.
**3. Sideways Consolidation**
- If price oscillates between **125.63-126**, expect choppy trading until breakout.
*Trading Strategy Suggestions**
- **Short-term (Scalping):**
- Buy near **125.63-125.67** (bid zone), target **126-126.50**.
- Stop-loss: **125.50** (tight risk).
- **Swing Trade:**
- Wait for **break above 126** for longs (target 130). Or **break below 124.68** for shorts (target 120.71).
*Risk Management:**
Avoid over-leverage due to high volatility