1. The price is bouncing off the support at 166.12 – this area could be a short-term bottom.
2. MA(5) and MA(7) are starting to point upwards – an early sign of a bullish reversal.
3. RSI(6) has risen to 68.62 – momentum is quite strong, not overbought yet but getting close.
4. The Stochastic K and D are also rising sharply – confirming short-term bullish signals.
Caution Signs
The price is still below MA(25) and MA(99), meaning the larger trend is still downward.
There is strong resistance in the area of 172.64 - 175.25, which could be a correction point if it fails to break through.
Brief Conclusion
The potential for a short-term rise is quite strong, but caution is needed around 172.64–175.25 as it could be a selling area. If you are scalping, you might consider taking partial profits as you approach that resistance area.
In the latest Binance roundtable, the hot topic discussed: "Can regulation align with crypto innovation?"
Industry leaders agree that clear rules can actually be a catalyst for mass adoption. The CEO of Binance said: “Fair regulation is not a barrier, but a foundation of global trust.” Meanwhile, from the perspective of Web3 developers: “We need room to experiment, but still be responsible.”
Crypto is no longer a lawless wild west. As this industry matures, it needs balance: innovation continues, but users remain safe.
What do you think? Should regulation be accelerated or does it slow down progress? Discuss it together in the comments!
Coin: $SOL Signal: Breakout of the main resistance at $150 Volume: +40% in 24 hours Supporting Indicator: RSI still below overbought Potential Target: $165 - $170 Note: Watch for a retrace to the support area of $145 for a safer entry.