$SOL /USDT Technical Analysis: Support Holding Above $140 — Eyes on $146 Breakout
Current Price: $142.16 (-0.89%)
24h High/Low: $143.96 / $137.14
Volume (24h): 2.59M SOL | 365.16M USDT
Indicator Focus (SAR): $140.86
Price Outlook:
SOL is showing strength above the SAR support level at $140.86 after bouncing off the $137.14 low. While price action is consolidating just below minor resistance, rising volume and higher lows point to bullish momentum building. However, failure to hold $140 support could invite downward pressure.
Trade Setup (Long Bias):
Entry: $142.00
Target 1: $144.80
Target 2: $146.50
Target 3: $149.00
Stop Loss: $139.80
Reason for Upside: Strong buying activity above $140, bullish SAR level, and steady 24h volume indicate potential breakout toward $145+ if resistance is cleared.
Risk for Downside: If price loses $140 with weakening volume, SOL may slide back toward $137 support or lower, forming a bearish lower-high structure.
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