[Updated at 16:30 on 05/12/2024]
SOL:
As mentioned in the previous technical analysis (02/12/2024) - the price has reached the support range of 214 - 216 and found support at 214 - 215.
With the RSI on the DAILY and WEEKLY timeframe still having quite a bit of "ROOM" to surpass the Overbought level -
The second wave of SOL could push the price up to 300u and this price range will become a psychological resistance for SOL.
Acceptable stop loss for LONG position: <217.