1. Current situation and technical performance $SOL
- Current price: $159.66 with a rise of +9.55% during the day.
- Daily range: $144.68–160.76, while the 52-week range is between $95.26–294.92.
- Key technical indicators:
- RSI (14): 84.14 (overbought).
- MACD (12,26): 2.642 (buy signal).
- Moving averages (MA): All (from MA5 to MA200) indicate "strong buy."
- Pivot levels: Traditional and Fibonacci pivot points indicate resistance at $160.94–163.27 and support at $150.67–154.87.
2. Short-term forecasts
- Bullish scenario:
- In case of breaking the $160.94 resistance, the price may target $163–170.
- Bearish scenario:
- Failure to break resistance may lead to a correction towards $150.67 (Fibonacci support) or even $144.68 (today's low).
3. Trading recommendations
- Buy:
- Enter at $156.74 (pivot point) with targets at $159.07–163.27.
- Use a stop loss below $150 to avoid risks.
- Sell:
- Monitor resistance at $160.76; failure to break may indicate a short-term selling opportunity.
---
Summary:
Solana shows technical strength with strong buy signals, but it faces volatility risks due to overbought conditions (RSI high). Fundamental factors like advanced technology and increasing demand for DeFi support long-term growth, while key resistance levels (like $160) should be monitored for informed trading decisions.#StripeStablecoinAccounts
