SOL remains strong at a critical support level, with a breakout above resistance potentially pushing it higher to 130+. With risk control set at the lower support, and relying on historical high volatility for light positioning; a drop below 122.50 will likely lead to a decline back to the 117-120 range, with favorable risk-reward.
The current price is 124, holding above the key support at 124. After rebounding from the 24-hour low of 117, it tested the high resistance at 125.54; the daily volume is strong, and the monthly change of +0.98% indicates positive momentum, with potential to break out of the consolidation zone. Consider buying around 123-124, with an upside target of 128-130; if broken, look for 135-137. Stop loss at 122.5.
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SOL remains strong at a critical support level, with a breakout above resistance potentially pushing it higher to 130+. With risk control set at the lower support, and relying on historical high volatility for light positioning; a drop below 122.50 will likely lead to a decline back to the 117-120 range, with favorable risk-reward.
The current price is 124, holding above the key support at 124. After rebounding from the 24-hour low of 117, it tested the high resistance at 125.54; the daily volume is strong, and the monthly change of +0.98% indicates positive momentum, with potential to break out of the consolidation zone.
Consider buying around 123-124, with an upside target of 128-130; if broken, look for 135-137. Stop loss at 122.5.