SOL / TetherUSLong
SOL/USDT Eyes Bullish Breakout Above $246.63
Updated
The SOL/USDT pair continues to maintain its bullish momentum, trading at $236.22 as it consolidates near a key support zone around $230. This region has proven to be a strong demand area, with buyers stepping in to defend the upward trend. The pair's movement aligns with the ascending trendline visible on the chart, signaling a continuation of the bullish trajectory.
Should the price break above the immediate resistance at $246.63, SOL could aim for higher levels, potentially targeting $260 or beyond. This would confirm the ongoing strength in the trend and further attract bullish interest. Conversely, failure to sustain above the support zone might trigger a short-term correction; however, the broader trend remains upward unless the $213 level is breached.
The bullish outlook is further supported by consistent buying pressure and technical indicators aligning with upward momentum. Traders should monitor the breakout levels closely, as they could set the stage for significant price movement in the coming sessions.
Should the price break above the immediate resistance at $246.63, SOL could aim for higher levels, potentially targeting $260 or beyond. This would confirm the ongoing strength in the trend and further attract bullish interest. Conversely, failure to sustain above the support zone might trigger a short-term correction; however, the broader trend remains upward unless the $213 level is breached.
The bullish outlook is further supported by consistent buying pressure and technical indicators aligning with upward momentum. Traders should monitor the breakout levels closely, as they could set the stage for significant price movement in the coming sessions.
Trade closed: target reached
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