**SOL/USDT - Cooling Off After Rally**
**Current Price:** $145.39 (-1.99%)
**Market Sentiment:** **Short-Term Bearish, Long-Term Bullish**
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### **š Key Observations:**
1. **Price Action:**
- Trading **below all key MAs** (7/25/99-day)
- **Failed breakout** above $150 resistance
- Volume **25% above average** (80K vs 63K MA5) ā Selling pressure
2. **Critical Levels:**
- **Support:** $144 (local) ā $140 (psychological)
- **Resistance:** $146.95 (MA25) ā $150 (recent high)
3. **Indicators:**
- **RSI(6): 32.30** ā **Approaching oversold**
- **MACD Missing** (Would confirm momentum)
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### **š Trading Strategy:**
**Short-Term (Next 48h):**
ā **If Long:**
- Wait for **$140-142 zone** (strong support)
- Target **$146-150** for quick scalp
- Stop loss **$138**
ā **If Short:**
- Fade rallies near **$146 (MA25)**
- Target **$140-138**
- Stop loss **$148**
**Medium-Term (1-4 Weeks):**
- Bullish if:
- Holds **$140** ā Potential rally to $160+
- Solana ecosystem news
- Bearish if:
- Breaks **$138** ā Could test $130
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### **š” Final Thought:**
SOL is **correcting after strong 30D gains** (+24%). Watch for:
- **BTC correlation** (SOL often moves with BTC)
- **Ecosystem developments** (Could reignite momentum)
**š· Tags:** #solana #sol #crypto #TradingSignals
*(DYOR - Not financial advice! Trade carefully.)*