SOLUSDT: Aiming for a Record High
The chart for SOLUSDT indicates a strong upward trend, with the price currently trading near $220. The pattern shows a rounded bottom formation, often a bullish reversal signal, suggesting further potential growth. The price is on track to possibly retest the previous high near $250, marked on the chart. This level could act as a resistance, but if the momentum continues, it may lead to new highs beyond that.
The support zones around $146 and $109 act as potential fallback areas in case of any corrections. The moving averages are providing a supportive base, reinforcing the bullish outlook for the medium to long term.
Let me know if you’d like further analysis or details on this trend!
The support zones around $146 and $109 act as potential fallback areas in case of any corrections. The moving averages are providing a supportive base, reinforcing the bullish outlook for the medium to long term.
Let me know if you’d like further analysis or details on this trend!
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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.