✅ ANALYSIS of the $SOL /USDT chart shows a significant upward movement. Keep reading and I'll tell you everything about Solana for today. (09:00hs)
With an appreciation of +9.43% on the day. The coin reached its high at $266.79, showing strength in the short term.
The price is above all important moving averages (MA7, MA25 and MA99), signaling a clear upward trend. The buying volume has also increased significantly, which reinforces the positive sentiment in the market.
In the RSI (Relative Strength Index), we are at 75, which indicates that the coin is overbought. This suggests that the upward movement may be approaching an exhaustion point, opening the possibility of a correction.
My view for the next few hours:
If the price breaks and sustains above the resistance at $266.79, we could see a fresh rally towards $270 or higher. However, if buying volume subsides and traders take profits, the price could pull back to test the support around $260.
I recommend caution at this point. If you are planning to enter, wait for clear breakout confirmations or wait for a correction for better entry points. The strength is with the buyers, but the rising RSI could signal a brief pause in the trend.