SOLUSDT : Uptrend channel continues to operate 
2024-11-11

SOLUSDT is currently trading within an ascending channel, as indicated by the price's movement along the parallel trendlines. The chart shows a potential for price retracement towards the channel's lower boundary near the $200.20 level, where a support zone is established. If this support holds, the price might experience a rebound back towards the upper trendline of the channel, targeting higher levels around $215 and above.

The moving averages also support the overall upward trend, with a potential bounce scenario that could confirm the continuation of the bullish structure within the channel. 