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$SOL BUILDING PRESSURE – BREAKOUT IMMINENT OR FAKEOUT AHEAD?

CryptoPotato

Updated at: 10 hours ago

{"content":"$SOL BUILDING PRESSURE – BREAKOUT IMMINENT OR FAKEOUT AHEAD? $SOL/USDT is trading at $172.73, with bulls and bears battling at a narrow decision zone. After a bounce off the $170.00 support, the price is now consolidating below minor resistance—setting up for either a fresh leg higher or another dip. Key Levels to Watch: Resistance: • $172.90 – Immediate ceiling from the last high • Breakout above this zone could open the door to:  TP1: $174.00  TP2: $176.50 Support: • $172.00 – Near-term support floor • $170.00 – Stronger structural level; a break below this might lead to:  TP1: $168.40  TP2: $166.70 Trade Setup – High Stakes in a Tight Zone Bullish Entry: • Entry after a confirmed break above $172.90 • Targets:  • TP1: $174.00  • TP2: $176.50 • Stop-Loss: Below $172.00 Bearish Entry: • If price slips below $170.00, downside could accelerate toward:  • TP1: $168.40  • TP2: $166.70 • Stop-Loss: Above $172.90 to limit reversal risk $SOL is on the verge of breaking out—but it’s not there yet. Monitor closely for confirmation before jumping in. This range could lead to a swift move either way. #CryptoRegulation #BinancePizza #CryptoCPIWatch {spot}(SOLUSDT)","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/16/61cdaeb77c874c3cbb703528daed44ba.png"],"tags":[],"tradingPairs":["SOL/USDT"],"quotearticleid":0}

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