Current Price: $169.91
Daily Range: $165.83 – $174.82
14-Day RSI: 69.42
50-Day SMA: $162.35
200-Day SMA: $155.20
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My Market View:
$SOL is currently hovering around $169.91, staying within today’s range of $165.83 to $174.82. The 14-day RSI is at 69.42, signaling that it’s close to entering the overbought zone. This could mean a short-term dip or consolidation before any major move.
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Important Price Zones I'm Watching:
Support: $160.00
Resistance: $175.00 and $180.00
If $SOL can push above $175.00, I believe there's room for a rally towards $180.00. But if it drops below $160.00, we might see a pullback to lower levels.
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My Outlook:
The overall trend remains bullish, supported by the 50-day and 200-day SMAs. However, given the high RSI, I’m being cautious and watching for possible retracements or consolidation before entering new positions.
Buy and trade here on 👉🏻#solana
