📊 $SOL Key Technical Observations:

Price Action:

SOL bounced from the $126.00 low and is now at $149.80. That’s a solid recovery, with a bullish trend building up.

It's now broken above the short-term moving averages (yellow and pink lines, likely 9 & 21 EMA).

Moving Averages:

Price just crossed above the 200 EMA (purple line), which is a bullish signal.

If this breakout holds, it could flip the longer-term trend upward.

Volume:

Decent green volume spikes recently. Not explosive, but supporting the upward move.

RSI (Relative Strength Index):

RSI(24) is 58.90 → below overbought (70), still has room to move higher before facing strong selling pressure.

📈 Short-Term Outlook:

If this bullish momentum holds, next key resistance levels are:

$152–155 (minor resistance zone)

$160

Then $168–170, and eventually $179 (previous top)

Support to watch:

$144 → near recent consolidation

$138 → minor horizontal + MA support

$126 → critical support (recent low)

⚠️ Caution:
If it fails to hold above $150 and 200 EMA, we could see a pullback.

Any bad market sentiment (e.g. BTC rejection) could cause a dump back toward $138.

🧠 TL;DR:
Currently bullish in the short-term.

$152–155 is the next test.
If volume rises and BTC behaves, SOL could push toward $160+.

Watch closely how it reacts near $150–155 level...

#BinanceSquareTalks #analysis #bullish #solana