$SOL Will it pull back or will it bounce? The critical reversal zone❗#Solana has just dropped to $128.08 after failing to hold the level of $134.79, but it is now trying to recover a bit, currently trading at $129.34. The Relative Strength Index (6) is at 31.40—approaching the oversold territory—while the Stoch RSI is heavily compressed around 6.41, indicating that there is a possibility of a technical recovery that may be in preparation.
Snapshot:
Price: $129.34
24h High/Low: $136.13 / $125.32
Volume (24h): 4.78 million SOL
Indicators suggest a possibility of reversal:
RSI(6): 31.40 – approaching the oversold territory
StochRSI: 6.41 – heavily sold on the 15-minute timeframe
A bullish divergence may form if the next low is held higher
Key levels:
Immediate Resistance: $130.50 / $132.80
Major Support: $128.00 / $125.00
Potential trade setup:
Long Entry: $128.50–$129.20 if the recovery continues
TP1: $130.80
TP2: $132.50
Stop Loss: below $127.70
The market is at a critical moment for $SOL. Follow up on that with volume on the green candles—this could be the early spark for a reversal or just another bounce for a dead cat.
Buy and trade here $SOL
