$SOL is currently experiencing a predominantly bearish trend, though the MACD is indicating an early sign of a potential reversal or relief bounce. The price is presently constrained between its recent low and the moving average resistance.
🎯 Key Targets and Levels to Monitor
It is essential to observe these levels closely to determine which signal will prevail.
🔴 Resistance Targets (In the Event of a Bullish MACD Outcome)
R1: 193.30 - 195.00 (This represents the immediate, strong resistance zone from the 7 and 25 moving averages).
R2: 201.00 (The long-term 99 moving average. A breakthrough above this level would be particularly significant).
R3: 237.79 (The previous major high).
🟢 Support Targets (In the Event of Price Rejection by Moving Averages)
S1: 183.35 (The 24-hour low).
S2: 168.79 (The recent major swing low, which is a critical support level to maintain).
