Sentiment: Bullish
SOL continues to demonstrate impressive momentum, currently trading at $166.97 with a solid 5.48% gain over the past 24 hours. The price sits comfortably above both the 20-day SMA ($164.86) and 50-day SMA ($161.02), indicating sustained bullish pressure. However, caution is warranted as the RSI reading of 71.49 signals overbought conditions, suggesting potential for a near-term pullback. Trading volume remains robust at over $608 million, supporting the current price action. The elevated volatility of nearly 5% presents both opportunity and risk for traders. For current positions, consider taking partial profits around the $170-175 resistance zone while maintaining stop-losses below $160. New entries might benefit from waiting for a healthy retracement toward the $162-164 support area. The overall structure remains constructive, but disciplined risk management is crucial given the stretched technical readings.
Key Metrics
| Price | 166.9700 USDT |
| 24h Change | 5.48% |
| 24h Volume | 608778305.02 |
| RSI(14) | 71.49 |
| SMA20 / SMA50 | 164.86 / 161.02 |
| Daily Volatility | 4.98% |
Solana — 1h candles, 7D window (SMA20/SMA50, RSI).
