1. Comprehensive Technical Assessment
The Investing.com platform (global metrics) classifies today’s technical analysis for SOL as 'Neutral', while moving averages provide a positive assessment with 7 buy signals against 5 sell signals.
Meanwhile, TradingView (Arabic version) shows that the overall technical analysis is 'Strong Sell', with the majority of indicators like RSI and MACD indicating sell.
On the other hand, it provides a more optimistic daily reading, giving a 'Strong Buy' signal based on 18 buy signals against only 1 sell signal, with strong upward movement in moving averages.
Finally, it gives a moderately positive outlook as the summary indicates a 'Buy', although some indicators like MACD show conflicting signals.
> Summary: Technical opinions today vary between 'Neutral' and 'Strong Buy' – indicating a somewhat mixed market condition.
2. Price Points and Technical Levels
The current price ranges between $192–193, slightly up during the day.
Saw a rise last week towards +20–22%, and the price managed to return above the resistance level around $195–200.
There is significant technical support at $195.55, with potential upward targets at $219.21 if positive momentum continues, or a possibility of dropping to $171.88 if this support is broken.
Some analyses also pointed to a bullish 'Cup and Handle' pattern, which could drive the price toward targets exceeding $1,048 and even $1,315 in the long term.
Additionally, analyses suggest that breaking the $195 level could open the way toward targets like $280, or even $500 in more optimistic scenarios.
3. Additional Data
Increased media and social interest in Solana, as it outperforms Bitcoin in trading activity and discussion, with a probabilistic expectation of 99% chance for ETF approval for SOL, enhancing potential upward momentum.
🍀Technical Recommendations
For short-term speculators: Watch the price at $195–200; it is a key support/resistance level. Breaking above it could push toward $219–237, while dropping below may lead to a decline toward $171–172.
For medium/long-term investors: If the bullish technical pattern (Cup & Handle) materializes, there could be significant opportunities toward levels of $500 or higher over the longer time frame.
Regarding ETFs and social interaction: these factors represent strong psychological and fundamental support; increasing the likelihood of continued demand and rising prices.
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