SOL is in a strong uptrend, up over 12% in 24 hours, and trading above key moving averages. However, the RSI is high, suggesting it might be overbought. A pullback to support could offer a better buying opportunity.
Current Market Snapshot
SOL is currently trading at $143.05, showing a strong 24-hour gain of nearly 13%. The price is above both the 20-day ($138) and 50-day ($131) simple moving averages, which is a bullish sign. However, the RSI indicator is at 68, which is getting close to the ‘overbought’ zone (typically 70+).
Recent Price Action & Key Levels
Looking at recent hours, SOL surged from around $126 to over $143. The lowest point in this data was $123.53, which acts as a major support. More recently, it found support near $138. On the upside, it recently faced resistance near $140.25 before breaking higher.
Trading Strategy for Beginners
Because the price has run up quickly and the RSI is high, the risk of a short-term pullback is increased. It’s often safer to buy during dips toward support rather than chasing the price up. Setting limit orders at lower prices can help you enter calmly.
What to Watch
Watch the RSI. If it stays below 70 and the price holds above the 20-day SMA ($138), the uptrend could continue. A break below $138 might signal a deeper pullback toward the next support. High volume during the rise is a good sign of strong buyer interest.
Beginner Recommendations
Advice: hold
Buy Price: 138.0 USDT
Sell Price: 150.0 USDT
Key metrics
| Price | 143.0500 USDT |
| 24h Change | 12.93% |
| RSI(14) | 67.93 |
| SMA20 / SMA50 | 137.99 / 131.04 |
| Daily Volatility | 4.07% |
| 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.
