Technical analysis by VectorAlgo about Symbol SOL: Buy recommendation (3/29/2025)

#SOL/USDT #AnalysisDescription---------------------------------------------------------------Solana (SOL) has been in a strong uptrend since late 2023, but recent price action suggests a key test of support around the $115–$135 zone. This level was previously a major resistance and is now being retested as support.Moving Averages: The price has dipped below the shorter EMAs but is still above the long-term moving average.Bearish Momentum: The recent sharp drop suggests selling pressure, but the support zone could lead to a reversal.Two Scenarios:🔼 Bullish: If the support holds, SOL could bounce back towards $180+ and continue its uptrend.🔽 Bearish: If support breaks, a deeper correction to $43–$60 is possible.📊 Trading StrategyLong Entry: If a strong bounce occurs from the $115–$135 zone, targeting $180+.Short Entry: A confirmed breakdown below $115 could trigger a move toward $60 or lower.---------------------------------------------------------------Enhance, Trade, Grow ---------------------------------------------------------------Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions.Best Regards,VectorAlgo