Short-term technical outlook (today – tomorrow)$SOL :-
• The price of SOL is currently trading in the range of $168–169 with low daily volatility approximately (±0.5–1%).
• The price is expected to move in the upcoming period within $158–174, which is approximately ±5% from the previous closing price, according to StockInvest.us analysis.
• Analyses like Coindcx suggest that the price could exceed the range of $162–166 and open the door to test levels of $172 or even $182–185 within the next 24-48 hours, and if it fails to breach the moving averages, it may re-test support at $157–153.
Current technical indicators:-
• The RSI indicator and most technical indicators show strong buy signals on daily and hourly timeframes, with an overall assessment from Investing.com stating: “Strong Buy.”
• Short-term moving averages like the 50-day show support around $171.5, and this is a solid level supporting upward momentum.
• Nevertheless, there is strong resistance around $172 (EMA20 average) and $182-185 are considered potential resistance levels if the price surpasses the nearby resistance range.
Expected scenarios$SOL :-
1- Moderate bullish $172–174, break of EMA20, technical buy signals.
2- Strong bullish $182–185, continued strengthening of momentum and positive community movement.
3- Moderate bearish $160–164, re-testing medium support, slight retreat.
4- Noticeable drop $153–157, failure to maintain support at $162, momentum retreat.
Practical recommendation:-
• The price is currently close to support at ~ $164–165 (cumulative trading volume) according to StockInvest.us. This level is considered a buying opportunity with moderate risk, provided a suitable stop-loss is set (e.g., ~ $158–159).
• Suggestion: Open a short-term position if support is breached or complementary buying at resistance break of $172 with a medium-term target towards $182–185.
Additional Overview:-
• After the price of SOL failed to surpass $200 recently, indicators showed a decline in retail interest and long-term withdrawals from whales, which may limit SOL's immediate upward momentum - strategies like cup and handle suggest the price could reach $255–395 by 2025, if certain market conditions are met often during weaknesses and subsequent rebounds.
🎯 Summary:
• SOL is likely to remain within the daily minimum–standard fluctuation range of $158–174.
• An upward trend tomorrow is possible if resistance at $172 is breached, with potential targets up to $182–185.
• If support weakens, it could push the price towards $157 or lower.
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