$SOL / USDT – Pullback or Pre-Breakout? Bulls Fighting Back!
SOL
167.28
-4.80%
Current Price: $167.24 (+5% from local bottom)
1H Range: $159.44 – $176.77
Volume (1H): 50.42M SOL
MACD: Bullish crossover forming
Bollinger Bands: Support: $157.76 | Resistance: $171.31
Market Sentiment: Reversal zone in play
Why It’s Heating Up:
dropped sharply to a local low of $159.44, touching the lower Bollinger Band before sharply bouncing back. The MACD shows a potential bullish crossover, and green volume bars confirm buyer re-entry. The price is now hovering near the middle band ($164.54), trying to reclaim short-term strength.
🎯 Targets to Watch:
$171.31 – Upper Bollinger Band; short-term resistance
$176.77 – Recent high; breakout confirmation above this
$179.38 – Possible extension if momentum continues
Caution Zone:
If price closes below $164.50 (MB) again, bears may retest $159.44 or push toward $157.76. Watch for a fade in volume and MACD flattening.
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