$SOL Based on 1 hour chart

Technical Overview

Price: $159.33 (down 1.68%)

24h Low / High: $157.66 – $164.97

MA Levels:

MA(7): 160.04 (short-term resistance)

MA(25): 162.23 (medium resistance)

MA(99): 158.57 (key support currently tested)

Indicators:

RSI(6): 34.42 → near oversold

MACD: Bearish (DIF -0.99, DEA -0.48) → momentum still down

Price bounced from support at 157.66 (near MA(99))

⚖️ Possible Scenarios

✅ Bullish Case (Long Setup)

Entry: $158.50 – $159.50 (current zone)

SL: Below $157.50

TP1: $162.20 (MA25)

TP2: $164.50 – $165.00 (recent high)

Rationale: Price is near the MA(99) which may act as dynamic support. RSI near oversold may signal a short-term bounce.

🚨 Bearish Case (Short Setup if bounce fails)

Entry: If it fails to hold above $158.50 and breaks $157.50

SL: $159.80

TP1: $155.00

TP2: $152.00

Rationale: Momentum (MACD) still weak, and break below key support could open room for further downside.

📊 Recommendation

Wait for the next 1–2 candles to confirm bounce or breakdown:

✅ Green candle with volume above 159.50 = consider long

🚫 Break below 157.50 with red volume = short bias

If uncertain, avoid trading in chop zone (157.50–160.50) and watch for breakout/rejection confirmation.