SOL is currently trading near key support levels with oversold RSI, suggesting potential for a bounce. Recent price action shows consolidation with slight downward pressure.
Current Market Position
SOL is trading at $235.07, slightly below both the 20-day ($236.30) and 50-day ($235.60) moving averages. The RSI at 29.77 indicates oversold conditions, which often precede price rebounds.
Support and Resistance Levels
Key support is found at $231.39 (recent local low), while resistance sits near $238.54 (recent local high). These levels help identify potential entry and exit points.
Trading Strategy
Consider buying near support at $232 for a bounce toward resistance at $238. Use stop-loss orders below $230 to manage risk. This approach leverages oversold conditions for short-term gains.
Beginner Recommendations
Advice: buy
Buy Price: 232 USDT
Sell Price: 238 USDT
Key metrics
| Price | 235.0700 USDT |
| 24h Change | -0.61% |
| RSI(14) | 29.77 |
| SMA20 / SMA50 | 236.30 / 235.60 |
| Daily Volatility | 2.84% |
| 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.
