$SOL showing strong signs of bullish sentiment.
The chart shows a recent upward trend after a period of consolidation. The price has bounced back from a low of 164.92 and is currently at 171.79, indicating a short-term bullish momentum.
MA5 (short-term) and MA10 (medium-term) are converging upwards, suggesting an uptrend.
Volume has spiked during upward movements, indicating strong buying interest.
RSI12 and RSI24 are at 72.21 and 62.98, respectively, suggesting strong upward momentum but approaching overbought territory.
Given the current upward trend, positive MACD, and increasing volume, there is a higher probability that the price will continue to rise in the short term. However, the high RSI values suggest that a minor pullback or consolidation might occur before further upward movement.
But the overall sentiment remains strong and bullish and ww might test support near 180 soon.
