SOL/USDT 1H Chart Analysis – Bullish Reversal Targeting Resistan🚀 SOL/USDT 1H Chart Analysis – Bullish Reversal Targeting Resistance Zone 🎯
📊 Pair: SOL/USDT
🕐 Timeframe: 1H
📈 Platform: Binance
🔍 Technical Overview:
🔵 Support Zone (145.00 – 147.50 USDT)
Price has bounced multiple times from this strong demand zone marked in light blue.
Recent price action shows buyers defending this level aggressively — potential accumulation area. ✅
🔴 Resistance Zone (159.50 – 162.00 USDT)
Marked in red, this zone has historically rejected price twice (confirmed by red & yellow arrows).
Currently, the market is expected to retest this supply area once again. ⚠️
📈 Bullish Pathway:
Current structure suggests a reversal from support, aiming for:
TP1: $150.46
TP2: $154.31
TP3 / Final Target: $160.89 (within resistance)
🔄 Trend Structure:
Price is forming higher lows, hinting at early reversal stages.
Break above $150.46 would confirm bullish momentum. 🟢
🧠 Conclusion:
SOL/USDT is setting up for a bullish reversal from a strong support zone, with targets aligned toward previous resistance. Traders should monitor the reaction at $150.46 and $154.31 — a clean break may propel price to $160.89.
📌 Watch for:
Confirmation candle at support zone
Break and retest patterns on intraday resistance levels
📉 Support: 145.00 – 147.50
📈 Resistance: 159.50 – 162.00
🎯 Bullish Targets: 150.46 → 154.31 → 160.89
🔔 Stay updated, manage risk, and trade wisely! 💹📈
