#ReboundRally
To friends who are asking about Solana analysis $SOL
Main resistance: It is clear from the chart that there is resistance at approximately 200 USDT. The price has approached this level more than once in the past few days.
Main support: Current support levels are shown at:
160 USDT
155 USDT
Current pattern: A symmetrical triangle pattern appears, which indicates the possibility of an imminent price explosion, whether up or down.
---
2. Technical indicators:
Bollinger Bands:
The current price is near the upper limit, indicating the possibility of a slight corrective movement or a continuation of the rise if it breaks the resistance strongly.
Relative Strength Index (RSI):
The RSI level is close to 71.8, which is considered to be in the overbought zone. This may indicate that the currency is facing imminent selling pressure.
---
3. Price Trend:
If the price breaks the 200 USDT level with a strong trading level, it may target the 208 USDT levels or higher.
If the price is rejected at this level, it may return to test the support level at 191 USDT or even 177 USDT.
