SOL is currently in a downtrend with oversold RSI, suggesting potential for a bounce. Recent price action shows support near $135.68 and resistance around $142.59.
Current Market Overview
SOL is trading at $135.58, down 1.38% in 24 hours. The RSI of 31 indicates oversold conditions, which often precedes price rebounds.
Support and Resistance Levels
Recent local lows show strong support around $135.68. Resistance levels are visible near $142.59 based on recent highs where price struggled to break higher.
Moving Average Analysis
Price is below both 20-day ($136.36) and 50-day ($137.79) SMAs, confirming the current downtrend. A break above these could signal trend reversal.
Trading Strategy
Consider buying near support at $135.68 for potential bounce. Set sell target at $142.59 resistance. Use stop-loss below $135 to manage risk.
Risk Management
Always use proper position sizing and stop-losses. Crypto markets are volatile – never invest more than you can afford to lose.
Beginner Recommendations
Advice: buy
Buy Price: 135.68 USDT
Sell Price: 142.59 USDT
Key metrics
| Price | 135.5800 USDT |
| 24h Change | -1.38% |
| RSI(14) | 31.17 |
| SMA20 / SMA50 | 136.36 / 137.79 |
| Daily Volatility | 3.47% |
| 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.
