#solana SOL Daily Update

Current Price: 162.59 (+1.47%), bulls gaining momentum but RSI(6) nearing overbought (78.01), be cautious of a pullback!

Key Levels

• Support: First support at EMA13 (149.6), second support at 146.28 (EMA21), break or pullback to 147.93 (24h low).

• Resistance: Watch upper resistance closely at 164.6 (24h high), if broken then look towards the psychological level at 170.

If it stays above 160, bulls may test previous highs; if RSI turns down + volume is insufficient, the risk of a pullback increases sharply. MACD golden cross but momentum is weak, short-term may experience consolidation.

Trading Suggestions

Aggressive traders can go long with light positions at the current price, stop-loss at 146; conservative traders wait for a pullback to 149.6 to buy low. Bears should wait for RSI to decline or break below EMA13 before trying short positions, quick in and out.

Focus Point: Give a thumbs up for #solana