💡 Quick technical analysis:
✅ Rocket rebound! After dropping to $166.18, SOL saw a strong rebound to $178.47, indicating strong buying liquidity entering the market.
✅ Relative Strength Index (RSI): at 77.82 – yes, we have entered the overbought zone! But this could be a signal of strong momentum, especially if the price continues to break out.
✅ MACD indicator: signals are positive! A bullish crossover between the MACD and the Signal Line, reinforcing the chances of the upward trend continuing.
✅ Next resistance level: the price is approaching resistance at $181.46 – breaking this level could open the door to $185 and even $190!
✅ Support levels: in case of a pullback, the first strong support area is at $172, followed by the area at $166.18.
🚀 Expected scenario:
If SOL can break the $181.46 barrier steadily, we may witness acceleration towards new highs. However, if the breakout does not occur, we might see a retest of support levels before continuing the ascent.
🔥 Is SOL ready to explode?!
With increasing trading volumes and positive market reaction to support levels, it may be the right time to watch or enter cautiously – don’t forget to manage risk!
📢 Share your opinion! Do you think SOL is heading for a breakout at $181.46 and soaring towards $190? 🚀👇
Final tips:
Watch trading volumes and previous resistances.
Use a smart stop loss below the most important support.