$SOL Very Urgent Update
Best Analysis Group
Don't miss This chance
$SOL /USDT chart from Binance, here is a quick technical analysis and signal:
Current Overview
1. Price: $165.76 (-0.85%)
2. Recent High: $171.76
3. MA Levels:
MA(7): $166.43 (Price slightly below short-term average)
MA(25): $160.84 (Still bullish overall)
MA(99): $150.89 (Strong long-term support)
4. RSI: 62.14 (Momentum still bullish, but getting close to overbought territory)
Potential Scenarios
1. Bullish Continuation
Trigger: If SOL breaks above $168.96 (24h high) and clears $171.76 (recent resistance), it may target $175 - $180.
Support Levels:
$160.84: MA(25) support zone.
$154.98: Another key support zone from previous price action.
Signal:
Buy on Breakout: Enter above $169 if volume supports the move.
Stop-Loss: Below $160 to manage risk.
2. Pullback / Correction Scenario
Trigger: If SOL struggles to break $171 and falls below $160, it may correct further.
Key Support Levels to Watch:
$154.98: First major support.
$147.66: Stronger support, aligned with earlier lows.
Signal:
Sell/Short below $160 targeting $155 and $150.
Stop-Loss: Above $171 to minimize loss if it reverses.
Recommendation
Wait for Confirmation:
If SOL breaks above $169, go long.
If it dips below $160, consider a short position or DCA for long-term holding.
Watch RSI: Itâs still bullish, but if it crosses 70, a pullback may be on the horizon.
eithewait for a breakout above $171 or a dip below $160 to act.
