What’s Next for SOL? Here’s How You Could Profit
Solana (SOL) is currently trading at $147.46, down 1.39% on the day. After hitting a low of $140.32, it rebounded to $153.99, but has since cooled off. The 4-hour chart suggests a tug-of-war between bulls and bears, with resistance near $151.91 and support at $147.30.
What’s likely to happen next?
With RSI(6) at 36.50, SOL is nearing oversold territory — a potential signal of a bullish reversal. If buyers step in, we could see a short-term bounce back toward the $151-$154 range. However, if the $147 support breaks, it may test the $140 level again.
How to take profit:
• Swing Traders: Look for a bounce above $148 with strong volume. A breakout past $151 could offer a quick 2–4% profit.
• Scalpers: Use short candles and RSI spikes around $145–148 to catch mini pumps.
• Cautious Bulls: Wait for confirmation above $154 before entering long.
Final Thought: Momentum is cooling, but opportunity lies in the volatility. Stay sharp, and don’t forget stop-loss orders.
