SOLUSDT: Aiming for a Record High
2024-11-12

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!