SOL is currently in a downtrend with oversold conditions, suggesting potential for a bounce. Recent price action shows support near $192 and resistance around $206.
Current Market Overview
SOL is trading at $192.88, down 5.34% in 24 hours. The RSI at 31 indicates oversold conditions, which often precedes a price recovery.
Key Support and Resistance
Recent local lows around $192-194 provide strong support. Resistance levels are visible near $202-206 from recent peaks.
Trading Strategy
Consider buying near support levels for a potential bounce. Set sell targets at resistance to lock in profits if the price recovers.
Risk Management
Always use stop-loss orders below support levels. Crypto markets are volatile, so never invest more than you can afford to lose.
Beginner Recommendations
Advice: buy
Buy Price: 192.88 USDT
Sell Price: 206.14 USDT
Key metrics
| Price | 192.8800 USDT |
| 24h Change | -5.33% |
| RSI(14) | 31.38 |
| SMA20 / SMA50 | 196.10 / 198.69 |
| Daily Volatility | 5.66% |
| 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.
