📊 OVERVIEW
• Current Price: $157.46 (+3.91%)
• 24h High: $157.93
• 24h Low: $150.53
• Volume: 2.90M SOL – rising interest
• Key Resistance Touched: $157.93
• Bollinger Upper Band: $156.47 → price is breaking above
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🔍 TECHNICAL INDICATORS (4H)
1. Bollinger Bands (21,2)
• Upper Band: $156.47 → SOL is now trading above it
• Middle Band: $151.91 → Possible support if pullback
• Lower Band: $147.34
➡️ Strong breakout above Bollinger Bands often signals high momentum – but risk of short-term exhaustion.
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2. RSI Levels
• RSI(6): 85.89 → Extremely overbought
• RSI(12): 73.75 → Overbought
• RSI(24): 63.20 → Strong
➡️ Current RSI(6) above 85 is a major red flag for potential short-term correction despite bullish trend.
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3. Volume & MA
• Volume: 417K – High but not spiking aggressively
• MA(5): 531,121 > MA(10): 508,491 → Uptrend confirmed
➡️ MA crossover + volume growth = confirms strength, but RSI overheated
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⚠️ KEY INSIGHT
SOL just broke above upper Bollinger band with RSI over 85.
This is typically a late-stage impulse within a strong move — highly bullish but near a local peak.
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🔮 POTENTIAL SCENARIOS
✅ SCENARIO 1: Continuation breakout
• If SOL holds above $157.9 for next 2–4 candles:
• Target: $160 – $164 (psychological + fib zone)
• RSI(6) may stay elevated (80+) if volume rises again
⚠️ SCENARIO 2: Pullback from overbought
• If SOL fails to hold $157.9, watch for retracement:
• First support: $154 – $151.9 (Bollinger middle band)
• RSI(6) cools back below 75
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📌 STRATEGY IDEA
Action Condition Target Stop-loss
Buy Close above $158 with strong volume $160 – $164 $154.5
Short Rejection at $157.9 + RSI turning down $152 – $150
