$SOL 📊 SOL (Solana) Price Analysis – Weekly Outlook
🟢 Current Price: $162.09
🔻 7-Day Change: -3.21%
Solana is currently consolidating around the $160 zone, trading just below the 30-week MA ($162.73) and 7-week MA ($165.82). This zone is acting as a crucial resistance level.
🟠 Strong support lies at $102, which has been tested multiple times since early 2024. A breakdown below this could open the door to further downside, but...
📈 If SOL holds this support, there’s potential for a bullish reversal targeting previous highs of $294+, as indicated in the projected green box.
📉 RSI (14): 49.86 – Neutral
📉 MACD: Starting to show early bullish crossover signs
🟣 MA(200): $101.57 – Long-term support intact
🔍 Key Levels to Watch
Resistance: $165 → $205 → $294
Support: $102 (major)
🧠 Sentiment: Cautiously Bullish
This might be the accumulation zone before the next breakout – keep a close eye!