$SOL – Potential Breakout Zone? 👀
Short-Term Price Outlook: SOL/
Timeframe: 1D (Daily)
Current Price: $167.99 (+3.63%)
---
🔍 Technical Snapshot
EMA Levels:
EMA(7): $168.84 (just above current price)
EMA(25): $171.88 (key resistance)
EMA(99): $162.59 (short-term support)
Currently in bearish territory
Histogram is flattening — early signal of possible bullish crossover
Watch for MACD line (yellow) crossing above the signal line (purple)
RSI (6): 42.99
Recovering from oversold levels
Still below 50, indicating neutral to slightly bearish momentum
Candlestick Structure:
Strong bullish candle forming after minor consolidation near the $160 range
Rebound from EMA(99) could signal a local bottom
---
📈 Bullish Scenario
Sustained price above $168 with a breakout past EMA(25) at $171.88
Potential upside targets:
Resistance 1: $180.88
Resistance 2: $195
Target Zone: $200 (recent swing high)
📉 Bearish Scenario
Rejection below $171 with a breakdown under $162
Key downside supports:
Support 1: $152.21
Support 2: $141.13
Deeper sell-off could push price toward the $130s if bearish momentum returns
---
✅ Summary
Bias: Neutral to slightly bullish
Key Level to Watch: $172
A confirmed breakout or rejection in the next 1–3 days could set the tone for the next move.
