SOL/USDT Perpetual Contract is shown on the 1D timeframe.
Price is currently trading around the $99.44 zone, following a strong upward move toward the marked $110.60 high. The recent consolidation appears to be forming a descending triangle, with lower highs developing beneath a descending resistance trendline and horizontal support near $99.44.
The key support level is around $99.44. A sustained move below this level could invalidate the current bullish projection and signal further downside risk.
The descending trendline acts as the immediate breakout resistance zone, while the recent high near $110.60 remains an important resistance level to watch.
A breakout above the descending resistance trendline could provide confirmation of the upside setup. If confirmed, the chart projects a potential target near $134.89, representing an approximate 35% move from the current $99.44 price zone.
Watch for confirmation before considering the projected move, as failure to hold the $99.44 support could invalidate the setup.
Price is currently trading around the $99.44 zone, following a strong upward move toward the marked $110.60 high. The recent consolidation appears to be forming a descending triangle, with lower highs developing beneath a descending resistance trendline and horizontal support near $99.44.
The key support level is around $99.44. A sustained move below this level could invalidate the current bullish projection and signal further downside risk.
The descending trendline acts as the immediate breakout resistance zone, while the recent high near $110.60 remains an important resistance level to watch.
A breakout above the descending resistance trendline could provide confirmation of the upside setup. If confirmed, the chart projects a potential target near $134.89, representing an approximate 35% move from the current $99.44 price zone.
Watch for confirmation before considering the projected move, as failure to hold the $99.44 support could invalidate the setup.
FOLLOW MY TELEGRAM CHANNEL FOR FREE : bit.ly/3JfrpgV
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
FOLLOW MY TELEGRAM CHANNEL FOR FREE : bit.ly/3JfrpgV
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.