SOL is trading near key support levels with mixed signals. Current price is slightly below short-term averages, suggesting potential for a bounce if support holds.
Current Market Position
SOL is trading at $209, just above recent support levels. The price has been bouncing between $205 and $214 over the past few days.
Technical Indicators
RSI at 61 shows neither overbought nor oversold conditions. The 20-day SMA at $208 provides nearby support, while the 50-day SMA at $209 acts as resistance.
Support and Resistance Levels
Key support sits around $205 based on recent local lows. Resistance appears near $214 from recent highs. These levels help identify entry and exit points.
Trading Strategy
Consider buying near support at $205 for potential bounce toward resistance. Set sell orders around $214 to take profits if the price reaches recent highs.
Beginner Recommendations
Advice: hold
Buy Price: 205.0 USDT
Sell Price: 214.0 USDT
Key metrics
| Price | 209.0000 USDT |
| 24h Change | -0.38% |
| RSI(14) | 61.05 |
| SMA20 / SMA50 | 207.98 / 209.08 |
| Daily Volatility | 3.52% |
| 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.
