SOL is currently trading at $138.5, down 3.5% in 24 hours. The RSI indicates it’s oversold, but price is below key moving averages, suggesting continued selling pressure. Recent price action shows a decline from a local high of $145.6.
Current Market Position
SOL is at $138.5, below both the 20-day ($140.42) and 50-day ($141.89) simple moving averages. This often signals short-term bearish momentum. The RSI is 28, which is considered oversold territory, meaning a bounce could be possible soon.
Recent Price Action
Looking at the last few days, SOL hit a high near $145.6 but has been trending down since. The most recent local lows are around $138.7 and $138.16, which are acting as support levels. Volume has been steady, indicating active trading.
Strategy for Beginners
Because the RSI is very low, the risk of buying here is medium. It might go lower, but the oversold condition suggests a potential for a short-term recovery. We suggest looking to buy near recent support and sell if it reaches recent resistance.
Beginner Recommendations
Advice: buy
Buy Price: 138.2 USDT
Sell Price: 143.1 USDT
Key metrics
| Price | 138.5000 USDT |
| 24h Change | -3.49% |
| RSI(14) | 28.09 |
| SMA20 / SMA50 | 140.42 / 141.89 |
| Daily Volatility | 3.92% |
| 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.
