SOL is currently oversold with RSI below 30, suggesting potential for a bounce. Recent price drop to $142.65 shows selling pressure, but key support levels provide buying opportunities.
Current Market Situation
SOL is trading at $142.65, down 5.9% in 24 hours. The RSI at 29 indicates oversold conditions, which often precedes price recovery.
Support and Resistance Levels
Key support is at $142.10 (recent local min). Resistance levels are at $154.13 and $156.72 from recent highs. These levels help identify entry and exit points.
Moving Average Analysis
Price is below both 20-day SMA ($146.99) and 50-day SMA ($152.13), indicating short-term bearish momentum but potential for reversal when oversold.
Trading Strategy
Consider buying near support at $142.10 with a target to sell at $154.13 resistance. Use stop-loss below $140 to manage risk. Volume spikes suggest increased interest.
Beginner Recommendations
Advice: buy
Buy Price: 142.1 USDT
Sell Price: 154.13 USDT
Key metrics
| Price | 142.6500 USDT |
| 24h Change | -8.93% |
| RSI(14) | 29.07 |
| SMA20 / SMA50 | 146.99 / 152.13 |
| Daily Volatility | 4.16% |
| Sentiment | Bullish |
| 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.
