📊 OVERVIEW
• Current Price: $157.46 (+3.91%)
• 24h High Price: $157.93
• 24h Low Price: $150.53
• Volume: 2.90M SOL – increasing interest
• Major Resistance Hit: $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 currently trading above it
• Middle Band: $151.91 → Potential Support if Correction Occurs
• Lower Band: $147.34
➡️ A strong breakout on the Bollinger Bands often signals high momentum – but there is a risk of short-term exhaustion.
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2. RSI Level
• RSI(6): 85.89 → Extremely overbought
• RSI(12): 73.75 → Overbought
• RSI(24): 63.20 → Strong
➡️ Current RSI(6) above 85 is a major warning signal for potential short-term correction despite the uptrend.
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3. Volume & MA
• Volume: 417K – High but not spiking strongly
• MA(5): 531,121 > MA(10): 508,491 → Uptrend confirmed
➡️ MA crossover + volume growth = confirmation of strength, but RSI is overbought
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⚠️ MAIN PERCEPTION
#sol just broke above the Bollinger upper band with RSI above 85.
This is often a late-stage push in a strong movement — very bullish but close to a local peak.
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🔮 POTENTIAL SCENARIOS
✅ SCENARIO 1: Continuing Breakout
• If SOL stays above $157.9 for the next 2–4 candles:
• Target: $160 – $164 (psychological zone + fib)
• RSI(6) could remain high (80+) if volume picks up again
⚠️ SCENARIO 2: Correction from Overbuying
• If SOL cannot hold $157.9, watch for a correction:
• First Support: $154 – $151.9 (Bollinger middle band)
• RSI(6) dropping below 75
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📌 STRATEGY IDEAS
Action Condition Target Stop Loss
Buy Close above $158 with strong volume $160 – $164 $154.5
Short Sell Rejection at $157.9 + RSI turning down $152 – $150
