$SOL here are some reasons why it is the best time to buy SOL. If you wait the train might leave without you!
1. RSI (Relative Strength Index) is Oversold
• The RSI value is 23.06, which is below 30.
• An RSI below 30 indicates that the asset is oversold, meaning it could be due for a rebound.
2. Stochastic RSI is Near the Bottom
• The Stochastic RSI is 5.62, which is extremely low.
• A low Stochastic RSI suggests the asset is oversold and could soon see an upward movement.
3. SOL is Near Support Level
• The recent low is around $112.00, and SOL is currently at $114.18.
• This indicates that the price is hovering near a strong support level, where buyers might step in to push the price up.
4. Moving Averages Indicate Possible Rebound
• The 7-day MA ($123.10) is above the current price, showing short-term resistance.
• The 99-day MA ($177.85) is far above, indicating long-term potential if SOL recovers.
• The price being below key moving averages suggests a potential mean reversion (returning toward the average price).
5. Recent Downtrend Might Be Exhausted
• SOL has already fallen 10% in 24 hours, meaning panic selling might be slowing.
• A potential bounce from oversold conditions could follow soon.