$SOL

Current Market Overview

Price: $111.86

24h High/Low: $120.50 / $108.21

Current Trend: Downward short-term correction after a strong spike.

📉 Technical Indicators

1. Moving Averages (MA)

MA(7): 110.99 (Yellow)

MA(25): 114.75 (Pink)

MA(99): 108.63 (Purple)

Price is slightly above MA(7) but under MA(25), showing early signs of recovery from the recent dip. MA(99) is acting as support.

2. RSI (Relative Strength Index)

RSI(6): 47.51

Approaching neutral zone (50). Previously oversold — a potential bounce signal.

3. MACD

MACD Line: -0.56

Signal Line (DEA): 0.09

Histogram: Negative but converging

MACD still bearish, but the histogram is shrinking — indicating potential reversal or slowing downward momentum.

🔑 Support and Resistance

Immediate Support: $108.21 (24h low), $108.63 (MA99)

Immediate Resistance: $113.30 (recent top), $114.75 (MA25)

Breakout Level: $117.64 – $120.50 zone

🧠 Trade Plan Suggestion

🟢 If Bullish (Reversal Anticipated)

Entry: $111.50–$112.00 (current range)

TP1: $113.30 (safe), TP2: $114.75 (next resistance)

SL: $108.00 (below support/MA99)

🔴 If Bearish (Expect Further Drop)

Entry: $113.30–$114.75 (if price rejects those levels)

TP1: $110.00, TP2: $108.20

SL: $115.50 (above MA25)

⚠️ Extra Tips

Monitor volume – recent green candle shows spike in buying.

Wait for MACD crossover (bullish) if you want confirmation.

If price crosses above MA25 with strength, it could lead to retesting $117–$120.