SOL is currently in a downtrend with oversold RSI, suggesting potential for a bounce. Recent price action shows support near $182 and resistance near $197.
Current Market Situation
SOL is trading at $186.03, down 3.5% in 24 hours. The RSI at 35.5 indicates oversold conditions, which often precedes price bounces.
Support and Resistance Levels
The recent local low of $182.83 acts as strong support. Resistance appears around $197 based on recent highs where price struggled to break higher.
Trading Strategy
Consider buying near support levels for potential bounce plays. The oversold RSI and price below moving averages suggest cautious optimism for short-term recovery.
Risk Management
Always use stop-loss orders below support levels. Crypto markets are volatile, so only risk what you can afford to lose completely.
Beginner Recommendations
Advice: hold
Buy Price: 183.0 USDT
Sell Price: 197.0 USDT
Key metrics
| Price | 186.0300 USDT |
| 24h Change | -3.53% |
| RSI(14) | 35.55 |
| SMA20 / SMA50 | 188.43 / 193.95 |
| Daily Volatility | 5.95% |
| 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.
