SOL is in a short-term downtrend but shows potential for a bounce from oversold levels. Current price is below key moving averages, suggesting caution.
Price Trend
SOL dropped from $144 to $137 recently. It’s currently trading below the 20-day and 50-day averages, indicating weakness.
RSI Indicator
RSI at 39.5 suggests SOL is oversold. This often means a price bounce could happen soon.
Support & Resistance
Strong support sits near $137 (recent low). Resistance is around $143 (recent high). Price needs to break above $143 to turn bullish.
Trading Strategy
Consider buying near support at $137. If price rises, sell near $143 resistance. Use stop-loss below $136 to manage risk.
Beginner Recommendations
Advice: buy
Buy Price: 137.2 USDT
Sell Price: 143.0 USDT
Key metrics
| Price | 137.4600 USDT |
| 24h Change | -1.91% |
| RSI(14) | 39.53 |
| SMA20 / SMA50 | 138.55 / 140.30 |
| Daily Volatility | 3.63% |
| Sentiment | Neutral |
| 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.
