Technical Analysis SOL/USDT – Is a Breakout Coming?

Solana (SOL) continues to show strength on the daily chart. The current price of $178.35 is trading above key moving averages (EMA 7, 25, and 99), confirming a short-term bullish trend.

The RSI sits at 63, indicating buying strength but still leaving room for further upside. If SOL breaks above $187.71 with strong volume, the next target zone is $190–$200. If not, the strongest support lies around $165.

Quick Summary:

• 🟢Trend: Bullish

• ✅️Support: $165

• ✅️Resistance: $187.71

• 🎯Target: $190–$200

• 📉RSI: 63 (not overbought)

Strategy Tip:

In case of a pullback, a Dollar Cost Averaging (DCA) strategy could work well:

• 💸💸First entry: $165

• 💸💸Second entry: $158 (EMA99)

• 💸💸Third entry: $152, deeper support zone

This helps avoid buying at the top and improves your average entry price.

Watch the next candles closely — the decision point is near.

Disclaimer: This content is for educational and informational purposes only. It does not constitute financial advice. Always do your own research and risk management before trading.

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