$SOL
đ SOL DAILY TECHNICAL ANALYSIS
Solana is holding near the $120â$121 zone after a strong upward move. Price is now testing an important resistance area around $122â$123, so the next daily close could be important.
đč Resistance: $122â$123
đč First Support: $115.8â$116
đč Next Support: $112.6
đč Stronger Support: $107â$106.6
đ Momentum Check:
The daily structure remains constructive, with SOL trading above its major moving-average levels. RSI is around 69, showing strong momentum but also that price is getting close to the traditional overbought area. MACD remains positive.
đą Bullish Scenario:
A strong daily candle close above $123 with good volume would provide confirmation that buyers are pushing through the current resistance.
đĄ Pullback Scenario:
If SOL gets rejected around $122â$123, watch $115.8â$116 first. Holding this zone would keep the current structure intact.
đŽ Risk Level:
A clear move below $112.6 would weaken the short-term setup and shift attention toward the $107â$106.6 area.
â ïž Key Point:
SOL has strong momentum, but price is also near resistance. Wait for candle + volume confirmation rather than chasing a breakout.
#sol
#SolanaUSTD
#CryptoAnalysis
đ SOL DAILY TECHNICAL ANALYSIS
Solana is holding near the $120â$121 zone after a strong upward move. Price is now testing an important resistance area around $122â$123, so the next daily close could be important.
đč Resistance: $122â$123
đč First Support: $115.8â$116
đč Next Support: $112.6
đč Stronger Support: $107â$106.6
đ Momentum Check:
The daily structure remains constructive, with SOL trading above its major moving-average levels. RSI is around 69, showing strong momentum but also that price is getting close to the traditional overbought area. MACD remains positive.
đą Bullish Scenario:
A strong daily candle close above $123 with good volume would provide confirmation that buyers are pushing through the current resistance.
đĄ Pullback Scenario:
If SOL gets rejected around $122â$123, watch $115.8â$116 first. Holding this zone would keep the current structure intact.
đŽ Risk Level:
A clear move below $112.6 would weaken the short-term setup and shift attention toward the $107â$106.6 area.
â ïž Key Point:
SOL has strong momentum, but price is also near resistance. Wait for candle + volume confirmation rather than chasing a breakout.
#sol
#SolanaUSTD
#CryptoAnalysis
