#SolanaStrong
Relative Strength Index (RSI)
Current reading: 61.82 (with a noticeable upward trend on the slanted red line).
The indicator is in a positive area (above level 50) and has not yet reached the overbought saturation zone (above 70), meaning there is room for continued upward movement before any correction occurs.
❤️❤️❤️❤️❤️❤️
Positive scenario: If the hour candle closes above the resistance 117.73, it is expected that the upward momentum will continue and higher levels will be tested.
Corrective scenario: If the price rejects the 117.73 level and a profit-taking event occurs, the price may return to test the support zone and consolidate again between 115.85 - 116.00 before resuming the rise.
$SOL
Relative Strength Index (RSI)
Current reading: 61.82 (with a noticeable upward trend on the slanted red line).
The indicator is in a positive area (above level 50) and has not yet reached the overbought saturation zone (above 70), meaning there is room for continued upward movement before any correction occurs.
❤️❤️❤️❤️❤️❤️
Positive scenario: If the hour candle closes above the resistance 117.73, it is expected that the upward momentum will continue and higher levels will be tested.
Corrective scenario: If the price rejects the 117.73 level and a profit-taking event occurs, the price may return to test the support zone and consolidate again between 115.85 - 116.00 before resuming the rise.
$SOL