SOL is currently trading at $133.02, down about 3.96% in the last 24 hours. The price has pulled back from recent highs near $143 and is now consolidating. Key indicators show the price is slightly below its 20-day and 50-day moving averages, and the RSI is neutral at 59.13, suggesting the asset is neither overbought nor oversold. Recent price action shows a local low at $131.35, which could act as support.
Current Market Position
SOL is trading at $133.02. It’s currently below its 20-day average ($133.60) and 50-day average ($137.87), which can sometimes act as resistance levels. The price has dropped from a recent high near $143, indicating a short-term downtrend.
Key Indicator Reading
The RSI is at 59.13. An RSI between 30 and 70 is generally considered a neutral zone. This tells us SOL is not in an extreme condition—it’s not too hot (overbought) or too cold (oversold). The 24-hour price change is negative, showing recent selling pressure.
Support and Resistance Levels
Looking at recent price swings, a strong support level (a price where buying might increase) formed at $131.35. A resistance level (a price where selling might increase) is visible near $143.06, which was a recent high. These levels help us plan entry and exit points.
Trading Strategy for Beginners
Given the pullback and neutral RSI, a cautious approach is wise. If you are looking to buy, waiting for a dip closer to the recent support level is a safer strategy. If you already hold SOL, setting a sell target near recent resistance allows you to take profits if the price recovers.
Beginner Recommendations
Advice: hold
Buy Price: 131.5 USDT
Sell Price: 143.0 USDT
Key metrics
| Price | 133.0200 USDT |
| 24h Change | -3.96% |
| RSI(14) | 59.13 |
| SMA20 / SMA50 | 133.60 / 137.87 |
| Daily Volatility | 3.92% |
| 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.
