SOL is currently overbought with high RSI, suggesting caution. Recent price surge shows strength but may face resistance near recent highs.
Current Market Position
SOL is trading at $138.49, up 5.36% in 24 hours. The RSI of 78 indicates overbought conditions, which often precedes a pullback.
Support and Resistance Levels
Key support levels are around $128-130 based on recent lows. Resistance is near $139 from the recent peak. The price is above both 20-day and 50-day moving averages, showing bullish momentum.
Trading Strategy
Wait for a pullback to buy near support levels. Consider taking profits near resistance if you’re already holding. The high RSI suggests limited upside in the short term.
Beginner Recommendations
Advice: hold
Buy Price: 130.0 USDT
Sell Price: 139.0 USDT
Key metrics
| Price | 138.4900 USDT |
| 24h Change | 5.36% |
| RSI(14) | 77.82 |
| SMA20 / SMA50 | 136.01 / 133.10 |
| Daily Volatility | 5.02% |
| 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.
