SOL is in a strong uptrend, currently trading above key moving averages. The price has risen significantly from recent lows but is now approaching a resistance level. Indicators suggest momentum is positive but the RSI is getting high, which can signal a potential pause or pullback.
Current Market Position
SOL is trading at $143.5, which is above both its 20-day ($143.0) and 50-day ($139.0) average prices. This shows the short and medium-term trend is up. The price is up over 31% in the last 24 hours, indicating very strong buying pressure.
Momentum & Overbought Signal
The RSI is at 61.3. An RSI above 70 is considered ‘overbought’, meaning the price might have risen too fast. We are not there yet, but at 61 we are getting closer. This suggests we should be careful about buying at the very top of a move.
Recent Price Action & Key Levels
Looking at the recent hours, SOL jumped from around $126 to over $145. It has since pulled back slightly to $143.5. The recent highest point (local max) was $143.06, which is acting as a resistance level—a price where selling often increases. A key support level (where buying might happen) is at $140.7, from a recent low.
Trading Strategy for Beginners
Because the trend is up but the price is near resistance, it’s risky to buy right now at the current price. It’s better to wait for a pullback to a safer entry point. If you already own SOL, this could be a good area to consider taking some profit, as the price has had a big run.
Beginner Recommendations
Advice: hold
Buy Price: 141.0 USDT
Sell Price: 148.0 USDT
Key metrics
| Price | 143.5000 USDT |
| 24h Change | 0.32% |
| RSI(14) | 61.31 |
| SMA20 / SMA50 | 142.96 / 138.97 |
| Daily Volatility | 3.91% |
| 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.
