$SOL Testing Support – Quick Recovery Opportunity on the Horizon!

SOL

222.93

+2.04%

$SOL is currently trading at $224.52 on the 15-minute chart, indicating a pullback after hitting a 24-hour high of $228.95. The price is consolidating near key support at $224, with the RSI at 37.90, indicating oversold conditions and a potential bounce.

Trade Setup:

Entry: Near $224.50

Target 1 (TP1): $226.00

Target 2 (TP2): $227.50

Stop Loss (SL): $222.00

With the MACD remaining in negative territory but starting to stabilize, SOL could attempt a rebound towards minor resistance levels. A move above $225.17 could confirm the bullish momentum, offering short-term gains for cautious traders