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Sol USD Price Action Analysis: Risks and Potential Breakouts

The day concludes with a very interesting review of one of the main market assets, focusing on the current local situation. ➡️ Review of #SOL on 4h: The price has confidently approached the weak high zone around $182–184, which already elicited a seller's reaction. A false breakout above this zone is expected, followed by a reversal downward — with confirmation of weakness on a smaller timeframe, a pullback to the $165–168 zone is likely, where the asset's future will be decided. ☑️ Alternate scenario: If the zone of $165–168 doesn't hold, there is a high probability of decline to the next liquid area at $147–150, where the buyer's reaction on a return to this range will be interesting. ☑️ Bullish scenario: If the price consolidates above $184 and breaks the "weak high," growth could accelerate — with the nearest targets in the $188–190 range. 📌 Currently, the priority is a local short with confirmation; watch for reactions in the $182–184 zone.
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AI Analysis

The recent price behavior of Solana (SOL) indicates a critical junction in its short-term trend. Touching the zone around $182–184, the asset has faced rejection, which signals a possible false breako...

AI Recommendation

Based on the current analysis, it is advisable to adopt a cautious stance. Initiate short positions if the price fails to break above the $184 level after confirmation, but be prepared to exit quickly...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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