$SOL in the Spotlight: Will $250 Hold or Push Back to $260+?
Current Price: $250.95 (-1.74% in the last 24h)
24h High: $259.78 | 24h Low: $240.93
24h Volume: 3.58M SOL
Technical Breakdown:
• Short-Term Momentum: SOL is trading slightly above its MA(7) ($249.34), indicating mild bullish pressure after bouncing off the $240.93 low.
• Resistance Zone: The MA(25) ($252.26) and MA(99) ($252.37) are acting as immediate resistances, with a breakout above these levels signaling a potential move toward $260.
• Support Zone: $248–$240 remains a key demand zone, with $240.93 providing a solid base for the recent recovery.
Next Move:
If SOL can sustain above $250 and break through $252, it could revisit $260–$265 levels. Failure to hold above $248 could bring a retest of $240. Watch volume and market sentiment closely for confirmation!