📊 Analysis of Coin $SOL : Is it Time for the Rise?
The Solana Coin $SOL has recently shown exciting movement on the chart… Are we facing a new breakout or an upcoming correction? 🤔 Let's analyze 👇
🟩 General Trend:
The trend is currently **bullish in the short term**, especially after the price bounced from the support area of $22.50.
📈 Technical Indicators:
- 🔹 RSI is currently at 58, still in the positive area without being overbought.
- 🔹 The price is moving within an upward channel, approaching resistance at $25.80.
- 🔹 The 50-day moving average supports the rise (clear positive crossover with MA200 last week).
🧠 What does this mean?
If the price breaks above the resistance of $25.80 with a strong daily close, we may see a surge towards $28.50 then $30.
However, if it fails to break, it may return to test the support at $23.00.
⚠️ Important Warning:
This is not financial advice. Always do your own research and study risk management.
💬 Do you expect the rise of $SOL this week?
Share your analysis or questions in the comments 👇