๐ SOL Analysis โ RSI Near Oversold, Bounce Setup? ๐
โก SOL is a trending altcoin currently testing its lower range after a sharp pullback. With RSI nearing oversold territory, traders are watching for a potential bounce or deeper correction.
๐ Technical Analysis
- Short-term trend: Bearish
- Support: $180.00
- Resistance: $190.81
- Pattern: Breakdown from recent high, testing lower support
- Volume: 17.8K, showing moderate interest during decline
- RSI: 36.56 โ approaching oversold zone
- Moving Averages: MA(5) at 338K, MA(10) at 448K โ bearish crossover
- Outlook: Neutral to bearish unless $180.00 holds and RSI rebounds
๐ฐ Market Data & News
- Current price: $183.14
- 24h change: -3.68%
- No major headlines, but SOL remains a top altcoin in DeFi and NFT ecosystems
๐ Scenario Breakdown
- Bullish Case: Bounce off $180.00 with RSI recovery could push toward $190.81
- Bearish Case: Break below $180.00 may open downside toward $172.50
๐ Sentiment Meter
๐ Bearish Bias โ Sellers in control, weak volume
โ ๏ธ Risk Level
๐ก Medium โ Some signals align, but confirmation needed
๐ฌ Will SOL rebound from $180 or continue sliding? Share your setup below ๐
๐ This trade is part of a bigger pictureโclick the chart and take your position. Letโs build long-term success, one setup at a time. ๐ฌ Like, Follow & Share to stay ahead of the curve.
๐ข Reminder: This is educational content. No guarantees, no adviceโjust charts, data, and perspective.
SOL #TheCryptoMalik
