SOL is showing steady upward momentum with price above key moving averages. The RSI indicates neither overbought nor oversold conditions, suggesting room for continued movement.
Current Market Position
SOL is trading at $231.18, above both the 20-day ($230.41) and 50-day ($223.95) moving averages. This indicates a positive trend with +3.3% gain in the last 24 hours.
Support and Resistance Levels
Key support levels are at $230.95 (recent local min) and $223.61. Resistance is around $234.74 (recent local max). The price is currently testing the higher end of this range.
RSI and Volume Analysis
RSI at 60.4 suggests the asset is neither overbought nor oversold, giving room for potential movement in either direction. Volume has been consistent, supporting the current price action.
Trading Strategy
Consider buying near support levels around $230 for potential upside toward resistance at $234.74. If price breaks above resistance, next targets could be higher.
Risk Management
Always use stop-loss orders below support levels to protect your investment. Crypto markets can be volatile, so only invest what you can afford to lose.
Beginner Recommendations
Advice: hold
Buy Price: 230.95 USDT
Sell Price: 234.74 USDT
Key metrics
| Price | 231.1800 USDT |
| 24h Change | 3.30% |
| RSI(14) | 60.43 |
| SMA20 / SMA50 | 230.41 / 223.95 |
| Daily Volatility | 3.35% |
| 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.
