Quick summary

$SOL Trading price around 215.09 with short-term MA crossing above mid and long MA (MA7 > MA25 > MA99) — technical structure leans bullish on the 1H frame. RSI ~65 indicates momentum is still positive but not overly bought. The current on-chain environment shows signs of whale accumulation and institutional capital flows, along with discussions about protocol upgrades (Alpenglow) — these factors may support the ongoing upward movement.

Technical analysis

Current price: 215.09.

Short MA/Mid MA/Long MA: MA7 ≈ 213.24, MA25 ≈ 211.55, MA99 ≈ 201.40 — alignment is supporting a side-up.

RSI (1H): ~64.8 — positive momentum.

Support nearby: 202.10 (MA99 region / nearby testing area), stronger support around 185.36 (swing low). → Suggested SL 197.00 (below MA99/202 to avoid intraday noise).

Resistance: 217.97 (near peak), next ~220–225 and stronger resistance area ~240.

Market structure & volume

The recent uptrend comes with a noticeable pickup in volume compared to the accumulation phase — a valid sign if volume continues to follow. On-chain and market reports indicate both accumulation and large capital flows (whale movements/netflows) in the recent month; also, there are news flows regarding institutional momentum and buybacks, and the proposed Alpenglow upgrade is being discussed in the validator vote — these factors may reduce medium-term selling pressure and support price.

Trading strategy

Entry (scale-in): 205.0 — 215.0 (split into 2–3 purchases; prioritize buying around when pullback to 205–210).

Stop-loss: 197.00.

Take-profit: TP1 218.0 — 220.0 (partial closure) — TP2 240.0 (target to hold if breakout/volume confirms).

Order management: close ~30–50% at TP1, move SL to breakeven after partial exit; hold the remaining part if price closes above 220 with increased volume — conversely, if rejected at 218–220, gradually reduce position and wait for pullback into 202–210 to re-enter.

Overall assessment

Bull case: holding above MA99 and breaking/maintaining the 218–220 area with volume → confirms an expanded upward trend towards 240+. Bear case: losing 202 will increase risk, may retest the 185–190 area if liquidity and cash flow reverse. Main risk: volatility due to large whale netflows or institutional unlock/profit-taking events.