$SOL – Strong uptrend momentum, testing key resistance
is trading with solid bullish momentum, holding firm after its recent climb. Price action shows buyers dominating, keeping SOL near the upper range of its current channel. The candlestick structure suggests strong demand with limited selling pressure.
The moving averages remain supportive: price trades above MA(7), MA(25), and MA(99), confirming an established uptrend. Short-term dips are being bought quickly, showing strong accumulation.
Immediate resistance is seen around $69 – $70, a key psychological level. A confirmed breakout above this zone could extend the rally toward $75 – $78 in the short term. On the downside, strong support lies at $64 – $62, and deeper support at $59.
Volume is healthy, supporting the breakout structure. As long as $SOL holds above its short-term moving averages, the bullish trend remains intact.
Trade Setup (Short-Term Bias):
Entry Zone: $64 – $67
Target 1: $70
Target 2: $75
Target 3: $78
Stop Loss: $61
⚠️ Trend is bullish above $64. A breakdown below $61 could trigger a deeper pullback toward $58.