Sentiment: Bullish
SOL is showing strong momentum, trading at $204.55 with a solid 5.4% gain over the past 24 hours. The current price sits above both the 20-day SMA ($201.04) and 50-day SMA ($196.62), indicating a healthy uptrend. However, the RSI reading of 75.22 suggests SOL is entering overbought territory, which could signal near-term consolidation or pullback. Trading volume remains robust at $680 million, supporting the current price action. Traders should consider taking partial profits on existing long positions while maintaining core holdings. For new entries, wait for a pullback toward the $195-200 support zone rather than chasing at current levels. The elevated volatility reading of 3.33% suggests position sizing should be conservative. Keep stop-losses below $190 to protect capital in case of a broader market reversal.
Key Metrics
| Price | 204.5500 USDT |
| 24h Change | 5.39% |
| 24h Volume | 680516396.42 |
| RSI(14) | 75.22 |
| SMA20 / SMA50 | 201.04 / 196.62 |
| Daily Volatility | 3.33% |
Solana — 1h candles, 7D window (SMA20/SMA50, RSI).
