SOLUSDT has shown a strong recovery after hitting a major support zone around $110. This bounce is accompanied by good trading volume, indicating growing interest. Investors who missed the previous rally are now accumulating, which adds further strength to the bullish sentiment.As market conditions improve, the entry of bigger players could push SOL towards higher highs. If momentum continues, there’s potential for SOL to breach its previous all-time high, with a long-term target of $500 in sight.
For investors, this presents a solid buying opportunity to hold for the long term. Traders, however, should manage their risk carefully and always set a stop loss to protect their capital.
SOLUSDT Currently trading at $132
Buy level: Above $110
Stop loss: Below $90
Target : $500
Max Leverage 3x
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.