SOL Daily Brief
Current Price 152.76 (+2.28%), 24H High 154.5, Low 144.87, Trading Volume 540 million USD, Heat is on!
Key Indicators
• RSI(6) 80.68 (Severely Overbought ⚠️), Short-term pullback pressure is high, but medium to long-term RSI remains strong;
• MACD Golden Cross continues (Bullish Control), but volume needs to sustain;
• EMA(20) 135.8 Short-term support, EMA(200) 163.3 as upper resistance line.
Daily Strategy
• Resistance Level: 154.5 (Daily High), if broken, look for 163.3 (EMA200), insufficient volume may lead to a quick rise and fall;
• Support Level: 144.87 (Daily Low), if broken down, watch for 135.8 (EMA20), if it can't hold, beware of a deep pullback.
In the short term, don’t chase the overbought, buy on a dip to EMA20, establish a light long position if it holds above 150, decisively take profit if it breaks below 144! High volatility at upper levels is likely, keep a close eye on the EMA200 battle.
