SOL is currently trading at $140.27 with high RSI suggesting overbought conditions. Recent price action shows volatility with clear support and resistance levels.
Current Market Position
Price is near the 20-day average ($138.35) but RSI at 78 indicates potential overbought conditions. The 24-hour change is slightly negative at -1.16%.
Support and Resistance Levels
Key support sits around $135-138 based on recent lows. Resistance appears near $143-145 from recent highs. These levels help identify entry and exit points.
Trading Strategy
Consider buying near support at $136 and selling near resistance at $143. Current high RSI suggests caution for new positions.
Risk Management
Always use stop-loss orders. Given the high RSI and recent volatility, risk is elevated. Only invest what you can afford to lose.
Beginner Recommendations
Advice: hold
Buy Price: 136 USDT
Sell Price: 143 USDT
Key metrics
| Price | 140.2700 USDT |
| 24h Change | -1.16% |
| RSI(14) | 78.02 |
| SMA20 / SMA50 | 138.35 / 140.18 |
| Daily Volatility | 4.36% |
| Sentiment | Neutral |
| Risk level | High |
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.
