SOL is in a bullish trend, with the price holding above the short- and medium-term Moving Averages (MAs).
Significant support is observed around $241, while resistance is seen at $246–$248.
2. Technical Indicators:
MACD: Positive histogram indicates bullish momentum, but the signal line is approaching the MACD line, suggesting a possible minor correction or consolidation.
RSI: In the overbought zone (above 70), indicating strong buying pressure but with a potential for correction.
Stochastic RSI: Peaking and starting to flatten, signaling a possible short-term decline.
OBV (On Balance Volume): Accumulated volume remains high, supporting the bullish movement.
3. Trading Volume:
Buying volume is dominant but gradually decreasing, suggesting weakening bullish momentum.
4. Order Book:
Significant selling pressure is visible at the $246–$248 level.
Strong buying support is present in the $241–$243 area.
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