$SOL is attempting a bounce off the $130 support area, but the 20-period moving average ($134-$135 range) acts as immediate resistance, keeping the overall trend bearish. Volume is stable, but a strong surge is required to reclaim the higher moving averages and target a trend reversal. Caution is advised until $142 is broken.
Targets TP1. $142.60 TP2. $155.00 TP3. $180.00
Stop Loss. $125.00
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$SOL is attempting a bounce off the $130 support area, but the 20-period moving average ($134-$135 range) acts as immediate resistance, keeping the overall trend bearish. Volume is stable, but a strong surge is required to reclaim the higher moving averages and target a trend reversal. Caution is advised until $142 is broken.
Targets
TP1. $142.60
TP2. $155.00
TP3. $180.00
Stop Loss. $125.00