💡 Quick technical analysis
✅ Notable rebound! After a drop to $133.23, we saw a strong rise to $157.00 and then consolidation above $150, indicating clear buying interest and continued upward momentum.
✅ RSI at 53.68 – in a neutral zone, not yet in overbought territory, which means there is plenty of room for further upside if the nearby resistance is broken.
✅ MACD is positive! With a bullish crossover between DIF and DEA, momentum is gradually shifting towards positivity, increasing the chances of an upcoming price explosion.
✅ The stochastic indicator (K: 53.60 / D: 67.09) shows a potential upcoming crossover if positivity continues – indicating that the price may gain new momentum.
📊 A look at volumes and averages:
Trading volumes are relatively stable – indicating smart accumulation periods by large traders.
Moving averages (MA 5 and MA 10) show a positive convergence – supporting the continuation of the upward trend in the short term.
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🚀 Expected scenario:
If SOL breaks the $153.99 level (highest price in 24 hours), we may see a strong surge towards $160 and possibly $165 as nearby technical targets!
However, in the case of a pullback, the $146.27 - $142.50 area may form strong support and a re-entry opportunity.
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🚨 Support signals from indicators:
RSI is still moderate → there is a strong chance of momentum continuing.
MACD is trending towards positive momentum → we may see green candles in the coming hours.
Relatively low volatility → reinforces the hypothesis of a price explosion if resistance is broken.
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🎯 Upcoming movement forecasts:
Rise conditional on breaking $154 - $157.
Possible corrective drop towards $146 before continuing the rise.
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💬 My personal opinion:
SOL is at a critical technical moment – indicators are cohesive, and there is a clear buying interest from the market. If the nearby resistance is broken, we may see a strong launch in the short term.
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✅ Final advice:
Set a stop loss below $142 to avoid any sudden fluctuations.
Follow general news, especially those related to the Solana blockchain.
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📢 Do you think SOL is about to break out again? Or is it a moment of temporary correction? Share your opinion!