Current Price: 114.28$
Highest Price in 24 Hours: 136.21$
Lowest Price in 24 Hours: 112.24$
Change in 24 Hours: -11.89% (Strong Decline)
📌 Technical Analysis:
1. Relative Strength Index (RSI 6): 37.95 → Close to the oversold area, which may indicate a near-term rebound opportunity.
2. Stochastic RSI: K: 19.23 | D: 18.58 | J: 20.52 → In the oversold area, supporting the likelihood of a rebound.
3. Wm %R(14): -76.67 → In the oversold range, indicating a potential near-term price rebound.
4. MACD Indicator:
DIF: -2.98
DEA: -2.54
MACD: -0.44
→ Indicates negative momentum, but may start to lose strength soon.
5. Trading Volume: 135,745.961 SOL → Price decline with high trading volume indicates strong liquidation, but there may be new investor entries at these levels.
📌 Entry and Exit Zones:
✅ Potential Buy Entry:
112$ - 114$ (Strong support, good buying opportunity if the price stabilizes above 112$).
105$ - 108$ (If the first support breaks, this will be another key support level).
🚀 Upward Targets $SOL :
120$ - 125$ (First resistance, partial profits can be taken at this level).
130$ - 136$ (Second resistance, breaking this may push the price toward 140$).
❌ Stop Loss:
Closing below 110$ may lead to further decline toward 105$ - 100$.
🔔 Final Recommendation $SOL :
🔹 Enter a buy position at 112$ - 114$ with the possibility of adding to the position at 108$.
🔹 Take profits at 120$ - 125$, with the possibility of continuing to 130$ if momentum is strong.
🔹 Stop loss at 110$SOL