$SOL Price is in an uptrend but after reaching $200 resistance, it got very overbought (RSI ~ 85). Hence, near-term, we’re likely to see it pause here on some profit taking. We would patiently wait for a pullback opportunity for a swing trade entry in Uptrend. (set a price alert).
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance Nearest Support Zone is $158 (previous resistance), then $140. The nearest Resistance Zone is $180, which it broke, then $200.
What do you think about?
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