SOLUSDT - Potential Buy Key Support Level
2025-01-12
Category: None

The SOLUSDT pair is currently trading near a key demand zone, which has been a strong support area in the past. This level aligns with prior price reactions, suggesting a potential area where buyers may step in to drive the price higher.

The current market structure shows consolidation around this demand zone, hinting at a possible reversal if the price confirms support. A bullish bounce from this zone could lead to a move toward the $207.87 level, which aligns with a key resistance area and a potential target for this setup.

Traders should look for confirmation of a reversal, such as bullish candlestick patterns (e.g., engulfing candles or pin bars) or a break of short-term resistance to confirm the upward move. 

 Let me know your thoughts or if you see this differently! Feel free to share your insights in the comments.