$SOL followers and likes, and you will always receive recommendations
I see that the SOL/USDT currency is currently at 189.28 after a strong rise of +6.45% in the last 24 hours, with a strong bullish candle on the four-hour timeframe.
Here is the technical analysis:
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🔍 Technical Analysis (4 hours)
Moving Averages: The price is now above EMA7 (180.90) and EMA25 (178.82) and EMA99 (175.40), reflecting strong bullish momentum.
Resistance and Support:
First Resistance: 190.70 (the nearest peak).
Second Resistance: 195.00 then 200.00 (an important psychological level).
First Support: 184.52, then 180.90, then 178.82.
MACD: It has started to give a bullish reversal signal after a negative period, but the crossover has not yet completed strongly.
RSI: At 77.88, which is in the overbought area, increasing the likelihood of a short correction before continuing the rise.
Trading Volumes: Increased significantly, confirming that the rise is supported by strong liquidity.
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📊 Recommendation
For quick speculation:
Enter if it breaks and closes above 190.70, targeting 195 – 198.
Stop loss below 184.50.
For accumulation or short-term investment:
Buy near the 184 – 180 areas if a correction occurs.
⚠️ Note: The RSI indicator is high, so we may see a short profit-taking before the upward trend continues.