Analysis of Solana ($SOL ) – Has the correction ended? A smart investment opportunity on the daily timeframe!
The Solana SOL coin has dropped from the peak of $184 after a strong upward wave, and is currently stabilizing around $167. Technical indicators show the beginning of stabilization that may pave the way for a return to the upward trend.
Technical analysis:
RSI = 48 → Moderate momentum without saturation.
Bollinger Bands: The price is at the middle band, which is an area that often sees new movement.
MACD: Close to a negative crossover, so caution is advised and a precise risk management plan should be put in place.
Proposed trading plan (not financial advice):
First buying area: $167 (current price)
Second buying area: $159 (Bollinger support)
Stop loss: $154
First target: $176
Second target: $184
Third target: $189
Smart management:
Do not use all of your capital at once.
Use an automatic stop loss to reduce risks.
If the first target is achieved, the stop loss can be raised to protect profits.
Do you think SOL could return to around $180 soon? Share your analysis in the comments