$SOL Current price: around $101–102. SOL has made a strong recovery from the $74–76 zone, gaining roughly 35% from the August 18 area and about 18.6% over the past week.
Trend: 🟢 Bullish, but short-term overheated. SOL is trading above its 14- and 21-period moving averages, while RSI was around 79, showing very strong momentum but also an elevated risk of profit-taking.
Key levels:
Resistance: $102–103 → $108 → $115–120
Support: $98–100 → $93–95 → $87–90
Major bullish confirmation: sustained daily close above $103
Bearish warning: loss of $93 could trigger a deeper correction toward $87–90.
My short-term prediction
If SOL holds $98–100, I expect another attempt at $103–108, with $115 becoming the next major target if $108 breaks decisively. However, because momentum is already stretched, a pullback toward $95–98 before another move higher would be healthy.
Overall: Bullish bias 🟢 | Target: $108 → $115 | Invalidation: below $93.
This is a market analysis, not a guarantee—SOL remains highly sensitive to Bitcoin and broader crypto liquidity. Recent reporting also points to ETF inflows, macro liquidity and short-covering as contributors to the current SOL strength.
Trend: 🟢 Bullish, but short-term overheated. SOL is trading above its 14- and 21-period moving averages, while RSI was around 79, showing very strong momentum but also an elevated risk of profit-taking.
Key levels:
Resistance: $102–103 → $108 → $115–120
Support: $98–100 → $93–95 → $87–90
Major bullish confirmation: sustained daily close above $103
Bearish warning: loss of $93 could trigger a deeper correction toward $87–90.
My short-term prediction
If SOL holds $98–100, I expect another attempt at $103–108, with $115 becoming the next major target if $108 breaks decisively. However, because momentum is already stretched, a pullback toward $95–98 before another move higher would be healthy.
Overall: Bullish bias 🟢 | Target: $108 → $115 | Invalidation: below $93.
This is a market analysis, not a guarantee—SOL remains highly sensitive to Bitcoin and broader crypto liquidity. Recent reporting also points to ETF inflows, macro liquidity and short-covering as contributors to the current SOL strength.
