Price Action: Price recently touched 186.18 (resistance) and is now pulling back toward 179–176 zone.
RSI: Currently at 56.78, showing a neutral-to-slightly-bullish momentum, but not overbought.
Volume: The recent drop from the high had higher selling volume, suggesting short-term selling pressure.
Support Zones: Strong support around 176.26 and then 170.6 if it breaks down further.
Resistance: First resistance is 181.86, then 186.18.
📉 Short-term expectation (next 8–16 hours): Price may consolidate between 176–182 before deciding direction. If buying volume increases at 176–178, we could see a bounce toward 182–185. If selling continues and 176 breaks, the next target is 170–172.
Given this setup, momentum is slightly bearish in the immediate term, but overall trend is still upward unless 170 is broken. #solana
Price Action: The price has surged from around $5.65 to $11.28 in just a few days — almost doubling. This kind of parabolic move is often followed by a correction or consolidation.
RSI: Currently 85.67, which is extremely overbought (above 70 already signals overbought). This means short-term buyers may soon take profits.
Volume: Strong buying volume has pushed the price up, but maintaining this level for multiple days without a pullback is rare.
Likely Scenarios for the next 2–3 days:
Short-Term Pullback: Price could retrace to the $9.80–$10.50 zone (previous resistance turned into support) before deciding the next move.
Consolidation: Price might move sideways between $10.5–$11.5 while RSI cools down.
Continuation (less likely unless major news/fundamentals push): If strong buying continues, it could test $12.50–$13.00, but with high risk of sharp reversal.
⚠ ⚡ Risk Note: 🚨 Entering now is high risk because you’d be buying at peak momentum with RSI extremely overbought. Safer entries are usually after a pullback or during consolidation.