SOL is currently trading near its recent averages with oversold RSI, suggesting potential for a rebound. Recent price action shows consolidation with clear support and resistance levels.
Current Market Position
SOL is trading at $244.77, slightly below the 20-day SMA ($245.27) but above the 50-day SMA ($242.72). The RSI of 34.5 indicates oversold conditions, which often precede price increases.
Support and Resistance Levels
Key support is at $237.52 (recent local low), providing a good entry point. Resistance is at $248.68 (recent local high), which could be a target for taking profits.
Trading Recommendation
Consider buying near support at $238 for potential upside to resistance at $248. The oversold RSI and positive 24-hour change support a short-term bullish outlook.
Beginner Recommendations
Advice: buy
Buy Price: 238 USDT
Sell Price: 248 USDT
Key metrics
| Price | 244.7700 USDT |
| 24h Change | 2.30% |
| RSI(14) | 34.49 |
| SMA20 / SMA50 | 245.27 / 242.72 |
| Daily Volatility | 2.74% |
| 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.
