Sentiment: Neutral
SOL is currently trading at $195.49, showing modest weakness with a 2.7% decline over the past 24 hours. The technical picture reveals an interesting divergence – while price action appears bearish in the short term, the RSI reading of 32.5 indicates SOL is approaching oversold territory. This creates potential for a near-term bounce. The current price sits just below both the 20-day SMA ($196.49) and 50-day SMA ($199), suggesting resistance overhead. However, with volatility at 2.9% and substantial daily volume exceeding $817 million, liquidity remains healthy. Traders should watch for a potential reversal around the $190-192 support zone. A break below this level could signal further downside toward $180, while reclaiming the 20-day SMA would suggest strength returning. Consider scaling into long positions on dips toward oversold conditions with tight stops.
Key Metrics
| Price | 195.4900 USDT |
| 24h Change | -2.72% |
| 24h Volume | 817642980.13 |
| RSI(14) | 32.55 |
| SMA20 / SMA50 | 196.49 / 198.99 |
| Daily Volatility | 2.90% |
Solana — 1h candles, 7D window (SMA20/SMA50, RSI).
