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$SOL (Solana) Technical Analysis: Consolidating After Local Correction 📉
Entry Zone: $78.50 – $80.50
Bullish Above: $84.00
Target 1 (TP1): $86.50
Target 2 (TP2): $90.00
Target 3 (TP3): $94.00
Stop Loss (SL): $76.50
$SOL is currently showing a slight recovery on the 4H chart, trading at $80.21 with a +1.34% uptick. The price action reveals a period of consolidation following a rejection from higher levels near $86.00, with a recent local bottom established at $79.15. The asset is currently navigating a tight range, characterized by lower volatility compared to previous sessions.
The 24h trading volume is recorded at 2.00M SOL (approx. $160.33M USDT), suggesting that market interest remains steady despite the sideways movement. For a renewed bullish push, $SOL needs to reclaim and hold above the $82.00 level. A failure to hold the current $79.00 support could lead to a deeper retest of the mid-$70s liquidity zones.
#SOL #Solana #GateSquareAprilPostingChallenge