$SOL Analysis

Solana continues its impressive rally with strong momentum and healthy volume, currently testing a critical resistance zone. Market structure remains notably bullish with expanding Bollinger Bands suggesting continued volatility. The asset is showing signs of potential extended momentum as it trades above all major moving averages.

💰 Current Outlook:

The +8.29% daily gain with expanding volume and strong momentum indicators suggests sustained buying pressure. RSI at 78.85 indicates overbought conditions, but in strong trends, these levels can persist. The high ADX reading of 85.8 confirms the strength of the current trend.

📈 Technical Analysis:

• Price action shows a clear bullish trend with expanding BB width (20.23%)

• MACD/Signal spread indicates strong bullish momentum

• DMI spread (41.8/3.2) confirms trend strength

• Volume profile shows healthy accumulation

🎯 Trade Setup:

The immediate resistance zone of $152-157 is crucial for continued momentum. A clean break above $162 could trigger an extension toward $179. Support structure remains solid with multiple levels between $132-141 providing safety nets.

⚠️ Risk Management:

Consider:

• Partial profits at $157 (R1)

• Stop losses below $141 (S1)

• Position sizing at 2-3% given current volatility

💡 Action Plan:

Long positions remain favorable with tight risk management. Watch for consolidation around $152 before potential continuation. New entries could target pullbacks to $146 pivot, while existing positions should maintain stops below $141. Risk remains moderate with strong technical setup

bad news #Market_Update