Solana price analysis (Bullish) — 184.11 USDT (-0.10% 24h)

SOL is showing extreme oversold conditions with an RSI reading of just 13.79, a level rarely seen in major cryptocurrencies. The current price of $184.11 sits below both the 20-day SMA ($188.77) and 50-day SMA ($188.74), indicating short-term bearish momentum. However, the extremely low RSI suggests a potential reversal opportunity. Trading volume remains substantial at $855 million, showing continued market interest despite the price decline. The 4.59% volatility indicates moderate price swings, typical for SOL during consolidation periods. For traders, this presents a potential accumulation zone – consider scaling into long positions with tight stop losses below $180. The risk-reward ratio favors bulls at these levels, but monitor for any breakdown below key support. Short-term traders might wait for RSI to recover above 30 before entering, while long-term investors could view this as a buying opportunity given SOL’s strong fundamentals.