$SOL

SOL/USDT Technical Analysis

Current Price: 213.03 (+2.03% in 24h)

24h Range: 206.66 – 217.11

24h Volume: 5.81M SOL (≈ 1.24B USDT)

Trend and Moving Averages

MA(7): 213.57 (very close to price, acting as short-term resistance)

MA(25): 212.71 (currently supporting price)

MA(99): 205.94 (strong long-term support)

The price is consolidating near the MA(25) after rejection from 217.11. Short-term trend is slightly bearish, but mid- to long-term trend remains bullish as price stays above MA(99).

Key Levels

Resistance: 214.50 – 217.10

Support: 212.00 – 210.50 (short-term), 205.90 (major support)

If price holds above 212, it may retest the 217 zone. A break below 210 could trigger deeper correction.

Volume and Momentum

Recent buying volume spiked near the breakout above 210, showing bullish interest.

Current candles show declining volume, meaning market is in cool-off phase.

RSI (not shown but estimated from price action) suggests mild correction after overbought conditions.

Outlook

Bullish Scenario: If SOL closes above 214.5 and sustains, next target could be 220 – 225.

Bearish Scenario: If SOL breaks below 210, it may drop toward 206 – 205 (MA99 zone).

Summary

SOL/USDT is in short-term consolidation after hitting resistance at 217. Trend remains bullish above 205 support, but immediate momentum has weakened. Traders can watch 212 support and 217 resistance for the next move.