"SOL/USDT Trading Tips: Risk Management Amid Intraday Volatility"
As of June 3, 2025, Solana (SOL) is trading at approximately $154.55 USDT, reflecting a slight decline of 0.45% over the past 24 hours.
Market Overview
SOL has experienced a 2.07% decrease in price over the last 24 hours, with a trading volume of $3.18 billion. The market cap stands at around $80 billion, placing Solana among the top cryptocurrencies by market capitalization.
Technical Analysis
Recent price action indicates that SOL faced resistance around the $158–$159 range, leading to a sharp intraday sell-off. The immediate support zone lies between $150 and $155, with critical support at $140. Technical indicators suggest a bearish sentiment in the broader trend, with increased selling pressure observed.
Trading Tips for Today
Short-Term Traders: Monitor the $150 support level closely. A break below this could signal further downside, while a bounce might present a short-term buying opportunity.
Swing Traders: Consider the $158–$159 resistance zone as a potential exit point for long positions, given the recent rejections at this level.
Risk Management: Given the current volatility, ensure appropriate stop-loss orders are in place to manage potential losses.
Always conduct your own research and consider consulting with a financial advisor before making investment decisions.
