The SOL/USDT perpetual futures on Binance are currently trading at $173.84, reflecting a +3.57% gain over the past 24 hours. The price has fluctuated between $165.34 and $175.92, with a substantial 24-hour trading volume of 32.90 million SOL, equivalent to approximately $5.59 billion USDT, indicating strong interest and activity in the market. The current price is slightly below the MA(7) of $178.91 and above the MA(25) of $121.95, suggesting recent downward pressure but a still dominant medium-term bullish trend. The RSI sits at 53.59, indicating neutral momentum with potential for either a continued recovery or renewed selling. Over a 30-day period, SOL/USDT has shown significant strength with a gain of +28.29%, though longer-term performance remains mixed, showing a -31.92% drop over 180 days and -1.54% over one year. Overall, the setup suggests a potential rebound phase in the short term, but traders should remain cautious given the longer-term volatility and moderate RSI.
