Can $SOL hit $220 soon? Breaking down the odds of a SOL rally - AMBCrypto Analytics
SOL was trading near $140.76 at press time, below the middle Bollinger Band at $147.49. This suggests potential bearish pressure, with a possible trading range between $167.75 and $127.23 if volatility rises. Traders may use this range to guide their short-term strategies as market conditions shift.
Meanwhile, the Relative Strength Index (RSI) is currently at 42.69, below the neutral 50 level, suggesting that momentum remains on the bearish side.
However, the RSI is not in the oversold territory, which means there is still room for further declines or a potential reversal if buying interest picks up. The Chaikin Money Flow (CMF) also shows weak capital inflows, with a slightly negative reading of -0.04, further reinforcing the cautious sentiment among traders.