$SOL
The SOL chart shows some really interesting movements right now. đ
After the sharp drop to $126, SOL experienced an impressive recovery, reaching a local peak at $160 before consolidating. The recent push to $157 suggests that momentum is rebuilding. đ„
đ Key Observations:
â Higher lows since mid-June indicate strong underlying demand.
â Volume remains moderate but shows spikes on bullish candles â a bullish signal.
â The MACD has crossed upward and the RSI is climbing towards 70 â but beware of the overbought zone.
â The 7-day MA is above the 25-day and 99-day MAs, reinforcing a bullish bias.
âĄïž Scenario to watch:
A clear breakout above $160 could unlock a run towards $180 again.
A failure here and a drop below $150 could mean that bulls are losing momentum.
đ Bulls are watching. đ» Bears are watching.
Which side will win?