SOL is currently overbought with high RSI, suggesting potential pullback. Recent price shows volatility between $224-234 levels. Consider waiting for better entry near support.
Current Market Position
Price at $234.88 is above both 20-day ($228.64) and 50-day ($230.02) moving averages, indicating short-term strength but RSI at 86 suggests overbought conditions.
Support and Resistance Levels
Key support levels are around $225-229 based on recent local lows. Resistance sits near $234-235 from recent highs. Price has been bouncing between these levels.
Trading Strategy
With high RSI and current price near resistance, it’s better to wait for pullback to buy near support. Consider taking profits if price approaches resistance levels.
Risk Management
Always use stop-loss orders to protect your capital. Never invest more than you can afford to lose in volatile crypto markets.
Beginner Recommendations
Advice: hold
Buy Price: 225.0 USDT
Sell Price: 234.5 USDT
Key metrics
| Price | 234.8800 USDT |
| 24h Change | 2.09% |
| RSI(14) | 86.05 |
| SMA20 / SMA50 | 228.64 / 230.02 |
| Daily Volatility | 3.34% |
| Sentiment | Neutral |
| 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.
