SOL / TetherUS
Long

#SOL/USDT

200
#SOL

The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.

We are seeing a rebound from the lower boundary of the descending channel, which is support at 158.

We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.

We are looking for stability above the 100 moving average.

Entry price: 161.70
First target: 164
Second target: 168
Third target: 173

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