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Technical analysis for SOL/USDT (4-hour time frame)

1. General trend:

The price is in a strong upward trend after breaking the resistance levels of 190 and then 198, and is now approaching 204.96.

The moving averages (EMA 7, EMA 25, and EMA 99) are all in an upward arrangement and are widely spaced apart, reflecting strong momentum.

2. Technical indicators:

MACD: The green wave is increasing, and the fast line is above the slow line by a wide margin → strong buying momentum.

RSI(6): At 90.33 → in a state of extreme overbought, which may indicate a likelihood of profit-taking soon.

Trading volumes are very high, reflecting strong liquidity entering the market.

3. Support and resistance areas:

Nearby support: 198.50 – 190

Next resistance: 205 – 210

4. Recommendation:

The current trend is upward, but the overbought condition is very high, so:

For quick traders: partial profit-taking can be done now and wait for a retest of the 198–200 level to re-enter.

For short-term investors: stay with the position while setting a stop loss below 190.

For those looking to enter now: it is preferable to wait for a slight correction before buying to avoid entering at the peak.

📌 Summary: The market is bullish, but the likelihood of a technical correction is high in the coming hours due to the RSI reaching very high levels.