SOL/USDT Technical Analysis: Bullish Range with Key Support and Resistance Levels

The overall trend for SOL/USDT is upward on the 30-minute timeframe, with this trend also supported by most medium-term timeframes. The Relative Strength Index (RSI) is at 57.91, indicating a balance slightly tilted towards buying pressure. The Money Flow Index (MFI) stands at 60.71, reflecting adequate capital inflow into the market. According to the ADX indicator, with a value of 22.71, the trend shows a neutral state with moderate strength. Trading volume is about 1,387,483.62 USDT, suggesting good liquidity and active trading. The market is currently in a range, which might be a sign of accumulation before a strong move. Support level is at $143.18, while resistance ranges from $155.36 to $159.42. Educational notes include: ✅ High MFI indicates investor interest and a potential continuation of the bullish trend. ✅ RSI near 60 suggests buyers have a gentle dominance. ✅ Risk management: if prices fail to break resistance at $159.42, a correction to around $146 is possible. Stop-loss could be set below $143.18. For further learning on technical analysis and trading strategies, follow @climaxpy on the channel. 🌟