Sentiment: Bullish
SOL continues to demonstrate impressive momentum, currently trading at $197.41 with a strong 8.15% gain over the past 24 hours. The cryptocurrency has decisively broken above both its 20-day SMA ($193.80) and 50-day SMA ($185.99), indicating sustained bullish pressure. With RSI sitting at 56.69, SOL maintains healthy momentum without entering overbought territory, suggesting room for further upside. The substantial $1.2 billion daily trading volume confirms robust institutional and retail interest. Current volatility at 5.17% presents manageable risk for position traders. For traders, consider entering long positions on pullbacks toward the $193 support level with targets at $205-$210. Maintain stop-losses below $188 to protect against unexpected reversals. The technical setup favors continued upward movement, though profit-taking near the $200 psychological level could trigger temporary consolidation.
Key Metrics
| Price | 197.4100 USDT |
| 24h Change | 8.15% |
| 24h Volume | 1203271761.59 |
| RSI(14) | 56.69 |
| SMA20 / SMA50 | 193.80 / 185.99 |
| Daily Volatility | 5.17% |
Solana — 1h candles, 7D window (SMA20/SMA50, RSI).
