#RLUSDApprovalBoostXRP SOL/USDT technical analysis with trading signals, including three target levels and trading momentum:
SOL
228.83
+11.29%
Current price: $228.65
24-hour high: $230.51
24-hour low: $203.21
Trend analysis:
Short-term trend: Bullish
Medium-term trend: Bullish
Long-term trend: Neutral (watch for a breakout above $230.51)
SOL has shown strong momentum in the last 24 hours, gaining +11.15%. The price is currently consolidating near its recent high at $230.51. A breakout to the upside could be seen if this resistance is broken.
Support and Resistance Levels:
Support 1: $220.00 (critical support for the current uptrend)
Support 2: $210.00 (strong support in case of a pullback)
Resistance 1: $230.51 (key resistance; breaking this level will open higher targets)
Resistance 2: $240.00 (target if price holds above $230.51)
Indicators:
RSI: 65 (approaching overbought, indicating caution)
MACD: Bullish crossover with increasing momentum.
Volume: Strong volume amidst the recent uptrend, supporting further upside.
Trading Signals:
Trade Entry:
Entry Point: Buy at $228.65 or pullback to $220.00 (Support 1).
Target Levels:
1. Target 1: $230.51 (Break above this level is key for further