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$SOL 🚀 | Bull Run or Bull Trap? Here’s What You Need to Know!

Current Price: $139.02
24H Change: +3.30%
Volume: 2.83M SOL
Timeframe: 1H Chart
Local ATH: $139.47
Bias: Bullish Momentum

Momentum Snapshot

MA(7): 138.44
MA(25): 135.34
MA(99): 131.87

SOL is on fire — trading well above all key MAs. No major resistance ahead until it retests the $139.47 local ATH. Price action is looking 🔥.

Technical Breakdown

MACD: Bullish crossover + positive divergence — strong upward pressure
RSI (6): 82.45 — ⚠️ Overbought! Be cautious of a cooling-off phase
Volume: Rising — momentum has strong fuel behind it

Spot Trader Take: Watch the Zone

Support: $135.50 (MA 25)
Resistance: $139.47 (ATH)
Suggested SL: Below $134.00
Target Range: $139.50 – $142.00

Pro Tip: Don't chase the top. Look for pullbacks to key levels for safer entries. Momentum’s real, but the RSI suggests a breather may be close.

Futures Trader Gameplan

Leverage Guide:

Safe: 3x–5x

Aggressive: Up to 8x if you’re breakout hunting

Scenario A – Long Play:

Entry: Break above $139.47

Target: $142.00

SL: $136.00

Scenario B – Short Setup:

Entry: Rejection at/near $139.50

Target: $135.00

SL: $140.50

Verdict: Bullish… but Not Without Caution

Momentum = STRONG.
Volume = CONFIRMING.
RSI = STRETCHED.
This is a breakout worth watching, but don't ignore the possibility of a quick dip or trap. Ideal for breakout scalpers and patient dip-buyers alike.

#SolanaSurge | #SOLWatch | #CryptoTraders
Solana’s heating up — now it’s about who times it right.