SOL/USDT Break alert!! Potential continue upward after retesting

7 thg 5

💎 Paradisers, #SOL is indeed a coin worthy of close observation.

💎 Its successful breakout from the descending resistance is a bullish signal for SOLANA. However, there's a potential for price retracement to the demand area around $145 before resuming its upward trajectory.

💎 Confirmation of further bullish movement would require SOL to breach the bearish OB area at $176.35, potentially leading to a retest of our target strong resistance area.

💎 Should SOL fail to bounce from the demand area and instead break below it, this could indicate a continuation of the downward trend, with the next significant level of support lying in the $124 - $117 range.

💎 If SOL reaches the key support area in the future, it becomes crucial for the price to bounce from this level, as it represents a critical support zone. Failure to do so could lead to further downward momentum, confirming bearish sentiment and potentially pushing the price even lower.

MyCryptoParadise
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