SOL is trading at a level close to $205, recording a daily increase of over +11% with massive trading volume nearing $13 billion, reflecting strong liquidity influx and increasing interest from investors and traders.
Technical Indicators:
The price is currently above all short and medium-term moving averages, confirming the continuation of the upward trend.
The RSI is approaching overbought areas, which may indicate the possibility of short-term profit-taking.
MACD: Reflects clear positive momentum due to the bullish crossover, reinforcing the strength of the current trend.
Support and Resistance Levels
First Support: $195 represents an important pivot point in the event of any correction.
Second Support: $178, breaking it may change the trajectory to sideways or temporarily bearish.
First Resistance: $210 is a key level, if breached, it may open the way for a new upward wave.
Second Resistance: $225 is a potential target if buying momentum continues.
Future Expectations 🔥
The current outlook remains positive with continued large liquidity and the price breaking through important levels. If SOL manages to exceed $210 and hold above it, we may see targeting levels of $225 – $230. Conversely, any drop below $195 may attract short-term selling and bring the price back to test $178.
In summary, the Solana currency shows clear strength supported by high liquidity and demand, which makes the short-term trend very bullish. However, the price's proximity to overbought areas calls for caution, and monitoring support at $195 is essential to avoid sudden reversals.
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