SOL is currently trading near key support levels with oversold RSI, suggesting potential for a bounce. Recent price action shows consolidation after a decline.
Current Market Position
SOL is at $140.17, slightly below its 20-day and 50-day moving averages. The RSI of 36.8 indicates oversold conditions, which often precede price rebounds.
Support and Resistance Levels
Key support is near $139 (recent local_min), while resistance sits around $143 (recent local_max). These levels help identify entry and exit points.
Trading Strategy
Consider buying near support at $139 for a potential bounce toward resistance at $143. Always use stop-losses to manage risk.
Beginner Recommendations
Advice: buy
Buy Price: 139 USDT
Sell Price: 143 USDT
Key metrics
| Price | 140.1700 USDT |
| 24h Change | -2.17% |
| RSI(14) | 36.80 |
| SMA20 / SMA50 | 141.16 / 140.93 |
| Daily Volatility | 4.19% |
| 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.
