$SOL
🚨Technical outlook:SOL price sustain above $100🚨
Solana trades around $101.59 at press time on Monday, maintaining a constructive bullish bias. SOL holds above the 50-day Exponential Moving Average (EMA) at $85.05, the 100-day EMA at $82.77, and the 200-day EMA at $89.71, all of which sit below the market, hinting at a well-supported uptrend structure.
Momentum remains firm, with the Relative Strength Index (RSI) down to 67 on the daily chart from overbought conditions, showing easing buying pressure. At the same time, the Moving Average Convergence Divergence (MACD) edges lower toward the signal line, reaffirming reduced buying pressure.
On the topside, the next notable hurdle is the December 18 low at $116.88, which represents a significant structural barrier to any extended rally.
On the downside, immediate technical support is at the February 1 low of $98.02, followed by the 200-day EMA at $89.71 and the 50-day EMA at $85.05.
#solana320 #solana #mr320 #Trendingissue #mr320
🚨Technical outlook:SOL price sustain above $100🚨
Solana trades around $101.59 at press time on Monday, maintaining a constructive bullish bias. SOL holds above the 50-day Exponential Moving Average (EMA) at $85.05, the 100-day EMA at $82.77, and the 200-day EMA at $89.71, all of which sit below the market, hinting at a well-supported uptrend structure.
Momentum remains firm, with the Relative Strength Index (RSI) down to 67 on the daily chart from overbought conditions, showing easing buying pressure. At the same time, the Moving Average Convergence Divergence (MACD) edges lower toward the signal line, reaffirming reduced buying pressure.
On the topside, the next notable hurdle is the December 18 low at $116.88, which represents a significant structural barrier to any extended rally.
On the downside, immediate technical support is at the February 1 low of $98.02, followed by the 200-day EMA at $89.71 and the 50-day EMA at $85.05.
#solana320 #solana #mr320 #Trendingissue #mr320
