Binance Staked SOL (BNSOL)

Technical Analysis (4-Hour Timeframe)

🔹 Current Price and Range

Current Price: $185.78

24-Hour High: $186.60

24-Hour Low: $174.20

Trading Volume (24h): $2.33 million

Circulating Supply: 8.17 million BNSOL

🔹 Trend and Key Levels

Trend: BNSOL is showing a steady upward trend, rising from levels around $150 in previous weeks to current values.

Support: $174.20 — the nearest support level, based on the recent 24-hour low.

Resistance: $186.60 — the nearest resistance level, based on the recent 24-hour high.

🔹 Indicators

RSI (4H): Around 56, indicating a strengthening bullish momentum without reaching overbought territory.

MACD: Positive, confirming the upward trend.

📌 Conclusion

BNSOL is demonstrating a steady upward trend on the 4-hour chart. A breakout above the resistance level at $186.60 could open the way to the next target at $190.00. However, if the price fails to overcome this resistance, a pullback to the support level at $174.20 is possible. Traders are advised to closely monitor price behavior near these key levels and employ appropriate risk management strategies.