#MyFirstSquarePost Hello, Binance Square! Hello dear binanci | ShadmanKabir111 on Binance Square

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ShadmanKabir111

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#MyFirstSquarePost Hello, Binance Square!Hello dear binancians , What is your opinion should I close my position here or Hold? 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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**Solana (SOL) Shows Weak Bullish Momentum: Targeting $165 Amid Mixed Market Signals** **Solana (SOL) Technical Analysis:** - **Current Price:** $163.19 - **Bollinger Bands:** The price is below the middle Bollinger Band, indicating a bearish trend. The bands are slightly widening, suggesting potential increased volatility. - **Relative Strength Index (RSI):** RSI is at 43.10, which is in the lower neutral zone. This indicates mild selling pressure but not yet oversold. - **Moving Average Convergence Divergence (MACD):** The MACD line is slightly above the signal line, suggesting a weak bullish crossover, but the histogram shows minimal positive momentum. - **Volume:** Recent volume spikes suggest increased trading activity, but the trend is not strongly defined. - **Stochastic RSI:** Stochastic RSI is at 74.45, indicating it is approaching the overbought territory, suggesting a possible short-term pullback. **Predicted Value:** Given the mixed signals with a weak bullish MACD and RSI in the neutral zone but approaching overbought on the Stochastic RSI, SOL could see some consolidation or a slight rise to around $165. However, caution is warranted due to the potential for a pullback. **Conclusion:** - **Short-term Outlook:** Mildly Bullish with potential for consolidation - **Potential Target:** $165 - **Action:** Consider a cautious buy for short-term gains but be aware of potential resistance and pullback copied #TonyStark #BinanceTurns7 $SOL

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