SOL is currently oversold with an RSI of 17, suggesting a possible buying opportunity. The price has dropped below both SMAs, indicating short-term weakness but potential for recovery.
Current Market Condition
SOL is trading at $222.72, down 7.45% in 24 hours. The RSI is extremely low at 17, which typically indicates oversold conditions and potential for a bounce.
Support and Resistance Levels
Key support is around $232-237 based on recent local lows. Resistance levels are near $240-242 from recent highs. These levels help identify entry and exit points.
Trading Strategy
Consider buying near support levels for a potential rebound. Set a sell target near resistance to lock in profits if the price recovers. Always use stop-loss orders to manage risk.
Beginner Recommendations
Advice: buy
Buy Price: 232.0 USDT
Sell Price: 240.0 USDT
Key metrics
| Price | 222.7200 USDT |
| 24h Change | -7.45% |
| RSI(14) | 17.26 |
| SMA20 / SMA50 | 235.18 / 237.65 |
| Daily Volatility | 2.92% |
| Sentiment | Bullish |
| Risk level | Medium |
Disclaimer: this material is for educational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile; always assess your own risk, investment horizon, and do your own research.
