📊 Solana (SOL) Technical Analysis: RSI, MACD, StochRSI and 1-Hour Candles
1. RSI (Relative Strength Index)
1-Hour RSI: ~68 – approaching the overbought zone (>70). This may indicate a slight price correction in the coming hours.
4-Hour RSI: ~56 – not yet overbought, so there remains potential to continue rising.
2. MACD (Moving Average Convergence/Divergence Indicator)
The MACD line is approaching the signal line – a "bullish" crossover signal is imminent.
The MACD histogram shows increasing green bars – indicating strengthening buying pressure.
3. StochRSI
StochRSI above 80 – indicates that SOL may currently be temporarily overbought, suggesting a likely short-term correction.
4. 1-Hour Candle Analysis
A "bullish engulfing" pattern is observed – a strong sign that buyers are gaining momentum.
Increased volumes confirm genuine interest in the market.
The price is holding above the 20, 50, and 100 HMA (moving averages), but still below the 200 HMA (~$170) – indicating that the rise is not yet fully established.
🔍 Forecasts for the Coming Hours
If the RSI exceeds 70 and StochRSI remains above 80, a short-term price pullback downwards can be expected.
If MACD executes a "bullish" crossover and the price stays above $170, it will be a strong signal to continue rising.
Candle closures above the 200 HMA, with increasing volumes – indicate a high probability of continuing the uptrend.
🧭 What Should Traders Know?
Short-term support: $165–167 zone.
Key level for growth: $170 – breaking this level along with confirmations from technical indicators could be the right moment for "long" positions.
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