LONG $SOL - MA60 SUPPORT HOLD WITH LAYER 1 LEADERSHIP
Current Price: $125.83
Signal: Price is holding firmly at MA60 support with positive momentum, showing strength as a Layer 1 leader for potential upward continuation.
Entry: 125.50 - 126.00
TP1: 128.00
TP2: 130.00
TP3: 132.00
SL: 124.50 (below MA60 support)
CHART ANALYSIS:
MA60 Support Holding Strong: Price maintaining at MA60 ($125.80) confirms this as reliable dynamic support level.
Layer 1 Leadership Position: As a major Layer 1 leader, SOL benefits from ecosystem development and market dominance.
Positive Monthly Performance: +2.19% monthly return indicates underlying strength despite short-term fluctuations.
Volume Designation: "Vol" designation suggests active trading interest and liquidity in SOL markets.
Technical Structure: Holding at key moving average with controlled volatility suggests accumulation before potential move.
#SOL #Long #Layer1 #SupportHold #Bukharitechtips
