To analyze the Solana (SOL) chart with the available economic indicators, I will consider some of the elements present in the chart:

1. Price and Support/Resistance Levels

The current price is at 219.31, close to a resistance around 222.81, as indicated by the Fibonacci line (0.786 level).

The 204.16 level could act as immediate support, being the minimum value of the last 24 hours.

The chart shows a sequence of green candles, suggesting recent buying pressure that has pushed the price higher.

2. Technical (Microeconomic) Indicators

Fibonacci: Fibonacci levels identify support and resistance. The main points are at 222.81, 208.34, 190.98 and 181.01. These levels serve as potential reversal areas.

Stoch RSI: The Stoch RSI indicator shows that the asset is overbought (above 80). This could signal a possible correction in the short term if the price continues to rise without consolidation.

MACD: The MACD indicator shows that the moving average lines are crossing upwards, which is a sign of an uptrend. The positive histogram also confirms this trend, indicating that the momentum is still in favor of the buyers.

3. Macro Analysis

In the macroeconomic context, the appreciation of cryptocurrencies such as Solana may be related to the positive sentiment towards the crypto asset market, probably influenced by monetary policies, news about institutional adoption and developments in the Solana network itself.

The news highlighted in the chart (“Crypto Markets Expected to Peak in H2 2025”) could impact long-term investor sentiment. The market appears to be optimistic about the sector’s growth, which helps sustain the current rally.

Conclusion

In the short term, Solana price is in an uptrend, supported by a sequence of green candles and momentum indicators. However, as the Stoch RSI is at overbought levels, there could be a correction before the asset continues its rise. Support around 208.34 (Fibonacci level) will be important to maintain the uptrend.

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