Now that SOL has broken above the 50 EMA (115.71) and is at 116.11, here’s what it means:
Bullish Signs:
✅ Price Above 50 EMA → This is a short-term bullish indicator.
✅ RSI (30) at 50.09 → RSI above 50 suggests increasing bullish momentum.
✅ Increasing Volume → Shows buyers are stepping in.
Next Target: 200 EMA (120.64)
If SOL breaks 120.64, a bullish trend could be confirmed.
If it fails at 120, it might retrace to test support.
Probability of Bullish Move:
Above 50 EMA = 60-65% chance of testing 120-122.
Rejected at 120 EMA = Pullback to 115-112.
Watch for:
Volume increase
RSI holding above 50
Price staying above 115.7
If these hold, SOL could continue its uptrend toward 120-122.
