Solana (SOL) Price Update & Technical Analysis
The current price of Solana (SOL) is approximately $131.67, reflecting a 3.06% decline. Here's a breakdown of the technical analysis and trading signals:
Key Levels:
Support Zones:
$120.71–$115.75: Major demand area
$125.63–$125.67: Strong buying interest
$124.68: 24-hour low
Resistance Zones:
$130.64–$135.60: Upcoming resistance
$125.68–$125.72: Significant selling pressure
Technical Indicators:
RSI: 55.122 – Indicates neutral momentum, no clear overbought signal
MACD: Shows weak bullish momentum with a positive histogram
Bollinger Bands: Price near the mid-band ($120.993), suggesting short-term support
Trading Signals:
Buy Signal: A breakout above $126 may push the price toward $130–$136
Sell Signal: A drop below $125.63 could lead to a retest of $124.68
Market Sentiment:
Short-term Trend: Bearish unless the price reclaims $126
Long-term Trend: Bullish outlook remains, with possible targets at $211.29 and $241.05
Trading Strategies:
Scalping: Consider buying between $125.63–$125.67, aiming for $126–$126.50, with a stop-loss at $125.50
Swing Trading:
Bullish: Buy above $126, targeting $130
Bearish: Short below $124.68, targeting $120.71
Alternative Analyst Projections:
$131.59 (up 4.39%)
$143.63 (up 6.87% in 24h)
$196.02 (down 8.83%)
$118.21 (up 3.65% intraday)
$130.75 (up 7% in past 24h)
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