Solana
2024-10-18

MY ANALYSIS
SOLANA - SOL/USDT is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 154.15 USDT, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 161.48 USDT. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 165.41 USDT would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 172.74 USDT. Beware of a possible return to under the support located at 154.15 USDT which would be the sign of a correction of the bullish excesses registered in the short term.