$SOL Pullback to Support - Rebound or Further Decline?
SOL is currently trading at $164.44, consolidating around a critical support level after a recent pullback from higher prices. Its immediate movement will determine if it can find a floor and attempt a rebound or if bearish momentum will push it lower.
Key Levels to Watch:
Resistance: $164.60 (approx.) - A confirmed move above this immediate resistance could target $166.50.
Support: $164.26 - Losing this critical level could send SOL toward $164.00 and potentially lower.
Trade Setup - Anticipate a Directional Move!
Bullish Entry: A confirmed move above $164.60 could target:
Target 1: $165.50 (approx.)
Target 2: $166.50
Bearish Entry: A break below $164.26 could target:
Target 1: $164.00 (approx.)
Target 2: $163.50 (approx.)
SOL is consolidating at a key support after a pullback. A rebound is possible if support holds, but a breakdown below $164.26 could lead to further losses.