#solana SOL/USDT Intraday Report

Current Price: 150.6 (-0.55%), 24-hour volatility reached 4.2%, with active market trading.

Key Level Analysis:

• Resistance Level: Pay close attention to 154.21 (previous high) and EMA200 moving average at 163.4. If a breakout occurs, bullish sentiment will significantly increase;

• Support Level: 147.87 (24-hour low) and EMA20 moving average at 134.14. If broken, it may trigger accelerated downward movement.

Technical Indicator Interpretation:

The short-term RSI (6) is as high as 81.69, in the overbought zone, so caution is needed for pullback risk; however, the mid-term RSI (70.12/56.86) has not yet confirmed a turn, indicating that both bulls and bears are still in fierce competition. The intraday trend is expected to oscillate with a bearish bias. If the price stabilizes above 150, it may test the upper resistance level; conversely, if it falls below 147.8, it may continue the downward trend.

Trading Strategy Suggestions:

• Aggressive Traders: Can try a light short position near 154 (strict stop-loss set). If the price retraces to 148 and holds, consider a short-term long position;

• Conservative Traders: Suggested to wait and see, focusing on the validity of the EMA20 support level, and enter the market after the trend becomes clear.

Focus Point: Give a thumbs up #solana