$SOL at a Crucial Junction – Will $222 Hold the Line or Break Lower?
$SOL is trading at $222.58, up 2.11%, after rebounding from its daily low of $217.00 but struggling to sustain momentum near the $225.17 resistance zone. The chart signals a shift in sentiment, with sellers regaining control after the recent upside move to $228.95. The RSI at 30.82 suggests SOL is edging closer to oversold territory, offering a potential opportunity for buyers to step in if momentum stabilizes.
On the downside, a drop below $220.78 could intensify selling pressure, pushing SOL toward the critical support of $217.00. Conversely, a rebound above $225.17 would indicate buyer strength and open the path for a retest of $228.95. Traders should watch for volume surges and MACD recovery to confirm direction.