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Overall, SOLUSDT is entering a correction phase, after sliding off the 179.85 level, at the time of writing it is trading at 164.71, marking a 3.19% decline on the day.
On the 4-hour chart, SOLUSDT is currently receiving strong support around the 159.50 level. A break below this level will result in a significant price decline while a sustain above this level will result in the price remaining in the range below 186.55-159.50. But based on the breakout from the bullish channel, there is a high probability that we will see its next decline. The 140.00 zone is the ideal zone where the price can conduct the next correction, where the price has reacted continuously.
It is expected at this time that the price will move within the mentioned range, with the breakout as mentioned we can catch a market correction.
Overall, SOLUSDT is entering a correction phase, after sliding off the 179.85 level, at the time of writing it is trading at 164.71, marking a 3.19% decline on the day.
On the 4-hour chart, SOLUSDT is currently receiving strong support around the 159.50 level. A break below this level will result in a significant price decline while a sustain above this level will result in the price remaining in the range below 186.55-159.50. But based on the breakout from the bullish channel, there is a high probability that we will see its next decline. The 140.00 zone is the ideal zone where the price can conduct the next correction, where the price has reacted continuously.
It is expected at this time that the price will move within the mentioned range, with the breakout as mentioned we can catch a market correction.
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