#MyStrategyEvolution
Solana ($SOL ) is showing strong bullish momentum today, trading around $171.80, with intraday highs of $175.91 and lows of $162.94. The coin is up over 5%, continuing its weekly uptrend.
📊 Key Technical Signals:
Moving Averages suggest a Strong Buy across daily and weekly timeframes.
RSI is at ~60, indicating healthy upward momentum but not yet overbought.
MACD is in bullish territory, showing upward momentum.
ADX around 38 signals a strong ongoing trend.
Oscillators are mixed, with stochastic indicators slightly bearish—indicating a possible short-term consolidation.
🧱 Support & Resistance:
Support levels: ~$169 (immediate), ~$152 (strong structural support).
Resistance levels: ~$175 (near-term), $183–186 and $200 (major breakout targets).
📌 Chart Pattern Outlook:
SOL may be forming a bullish ascending triangle or inverse head and shoulders, indicating potential for further upside.
📈 Strategy Suggestions:
Bullish above $169–171, targeting $180–183 short-term.
A drop below $169 could test supports at $152 or even $140.
In summary, Solana remains bullish with strong momentum, but traders should monitor key pivot levels and volume closely to confirm breakout or pullback scenarios.