#TrendTradingStrategy

The SOL chart is showing some really interesting movements right now. 📊

After the sharp drop to $126, SOL had an impressive recovery, reaching a local peak at 160.$ before consolidating. The recent push to 157.$ suggests that momentum is rebuilding. 🔥

📌 Key observations:

✅ Higher lows since mid-June indicate strong underlying demand.

✅ Volume remains moderate but shows spikes on bullish candles – a bullish signal.

✅ The MACD has crossed upwards and the RSI is climbing towards 70 – but watch out for the overbought zone.

✅ The 7-day MA is above the 25-day and 99-day MAs, reinforcing a bullish bias.

⚡️ Scenario to watch:

A clear break above 160.$ could unlock a run towards 180.$ again.

A failure here and a drop below 150.$ could mean that the bulls are losing momentum.

🐂 The bulls are watching. 🐻 The bears are observing.

Which side will win?