$SOL Technical Snapshot — Bullish Momentum Building Up

Current Price: $151.51 (+2.22%)

Timeframe: 1-Day Chart

Last Swing High: $154.50

Last Swing Low: $144.87

24h Volume: 3.58M SOL

Trend Overview:

SOL is maintaining a solid upward trajectory, showing strength across short-term indicators. Price action remains bullish, though a key resistance level is approaching.

EMA Check (Bullish Bias):

EMA 9: $143.79

EMA 21: $136.17

EMA 50: $138.25

Price is currently trading above all these moving averages, indicating strong short-term momentum. Eyes are now on the EMA 200 at $162.97, which may act as a resistance barrier.

MACD Insight:

MACD Line: 5.69 (Positive)

Signal Line: -4.38

The MACD histogram is expanding in the green — a sign that buying pressure is increasing and momentum remains in favor of the bulls.

RSI Levels:

RSI(7): 75.09 – in the overbought zone

RSI(14): 64.46 – strong but not extreme

A high RSI(7) suggests that while momentum is strong, a short-term pullback or sideways action could be on the horizon.

Candlestick Behavior:

Recent candles show a series of higher highs and higher lows — classic uptrend structure.

A small red candle after touching $154.50 suggests some hesitation or minor profit-taking near that level.

Key Takeaway:

SOL is riding a bullish wave but is heading toward a critical resistance near $163 (EMA 200).

A clean breakout above $163 could open the door for further upside continuation.

However, with RSI overheated, some consolidation or a brief correction wouldn’t be surprising.

Watchlist Levels:

Bullish Breakout Trigger: $163+

Support Zone: $144–$146

Trend Invalidated Below: $138

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