Analysis of the Stochastic RSI of Solana
On the 4-hour chart (4H), Solana's stochastic RSI is showing signs of overcoming the overbought level, potentially stressing the region near 150 dollars. However, on the daily chart (D1), we have not yet reached a high overbought level.
Looking at the volume on the daily chart, after three consecutive days of selling volume, today is the first day we observe positive buying volume.
My analysis suggests that in the short term, Solana may reach the range of 150 dollars, make a slight correction — which would help stress the RSI on the daily chart — and from there, initiate an upward trend. The formation of increasingly longer lower shadows on the candles indicates a corrective movement and a possible trend reversal.
The expectation is that the price will rise to 150 dollars, test the region of 142 or 144, and then continue its upward trajectory.
