Solana (SOL) is trading at approximately $148.85, reflecting a 1.91% increase from the previous close.
Technical indicators suggest a bullish momentum:
Relative Strength Index (RSI): At 65.56, indicating moderate bullish momentum.
Moving Averages: SOL is trading above its 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day moving averages, signaling a strong uptrend.
MACD: Positive at 2.518, suggesting continued upward momentum.
A recent analysis highlights a bullish "bull flag" pattern, suggesting a potential breakout above $152, with a target of $174.
However, caution is advised as the RSI approaches overbought territory, indicating a possible short-term pullback.
Key support levels to monitor are around $125–$130, while resistance is anticipated near $150.
Overall, Solana exhibits strong bullish indicators, but traders should remain vigilant for potential short-term corrections.
Buy and trade $SOL here