Looking at this 4-hour $SOL /USDT chart, here’s what stands out:
Price action: $SOL
SOL has had a strong breakout above $190 with high #BullishMomentum , touching near $200 before slightly pulling back.
Volume: #Volume spiked significantly during the breakout, which suggests strong buying interest — often a good confirmation of the move.
RSI (14): Currently at 70.60, which is right on the edge of the #Overbought zone. That means price could either:
Continue rallying with strong momentum if buyers stay aggressive.
Face short-term selling pressure or sideways consolidation if traders start taking profits.
Fib levels: Price is above all key #fibonacciretracement levels, which means it’s in uncharted territory and resistance is mostly psychological ($200, $210).
📈 Short-term prediction:
Likely to retest $200 soon.
If volume stays high and RSI sustains above 70, it can push to $205–$210.
If selling kicks in, first #pullback target is around $190–$192 (recent breakout zone).
This is looking like a short-term overbought rally, but not showing reversal signals yet.