Technical Analysis SOL/USDT – Is a breakout coming?
Solana (SOL) continues to show strength on the daily chart. The current price of $178.35 is above the main moving averages (EMA 7, 25, and 99), confirming an uptrend in the short term.
The RSI is at 63, indicating buying strength, but still with room for an increase. If it breaks $187.71 with volume, the immediate target is in the $190–$200 range. Otherwise, the strongest support is at $165.
Quick summary:
• 🟢Trend: Up
• ✅️ Support: $165
• ✅️Resistance: $187.71
• 🎯Target: $190–$200
• 📉RSI: 63 (not overbought)
Strategy tip:
If a correction occurs, DCA (Dollar Cost Averaging) strategy can be a good approach:
• 💸💸First entry: $165
• 💸💸Second entry: $158 (EMA99)
• 💸💸Third entry: $152, deeper support zone
This reduces the risk of entering fully at the top and improves the average cost of the position.
Stay alert for the next candles! The decision is near.
Disclaimer: This content is educational and informational. It does not constitute a recommendation to buy or sell assets. Always do your own analysis and risk management before trading in the market.
