SOL is currently overbought with high RSI, suggesting potential pullback. Recent price surge to $144 faces resistance near recent highs. Consider waiting for better entry near support levels.
Current Market Situation
SOL is trading at $144.07, up 4.4% in 24 hours. The RSI of 82 indicates the asset is overbought, which often precedes a price correction.
Support and Resistance Levels
Key support levels are around $131-138 based on recent local lows. Resistance is near $142-143 from recent peaks. The price is currently testing resistance.
Trading Strategy
Wait for pullback to buy near support. Current high RSI suggests risk of downward movement. Set buy orders below current price and sell near resistance.
Risk Management
Use stop-loss orders to protect against sudden drops. Only risk what you can afford to lose, as crypto markets are volatile.
Beginner Recommendations
Advice: hold
Buy Price: 135.0 USDT
Sell Price: 142.5 USDT
Key metrics
| Price | 144.0700 USDT |
| 24h Change | 4.41% |
| RSI(14) | 82.22 |
| SMA20 / SMA50 | 137.67 / 138.67 |
| Daily Volatility | 4.74% |
| Sentiment | Bearish |
| 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.
