SOL is trading near its 20 and 50-day moving averages with neutral RSI, suggesting consolidation. Recent price action shows support around $235-237 and resistance near $240-241.
Current Market Position
SOL is trading at $240.68, very close to both its 20-day ($239.65) and 50-day ($239.61) moving averages. This indicates the price is in a balanced state between buyers and sellers.
RSI Indicator
The RSI is at 51.54, which is neutral. This means SOL is neither overbought nor oversold, giving no strong signal in either direction.
Support and Resistance Levels
Recent local lows around $235-237 provide good support levels to watch. Resistance appears near $240-241 based on recent price peaks.
Trading Strategy
Consider buying near support levels around $236 for potential upside to resistance at $241. Use stop-loss orders below $235 to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 236 USDT
Sell Price: 241 USDT
Key metrics
| Price | 240.6800 USDT |
| 24h Change | 0.74% |
| RSI(14) | 51.54 |
| SMA20 / SMA50 | 239.65 / 239.61 |
| 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.
