$SOL a US$107.2: next jump or drop?
$SOL is trading at US$107.2, up a modest +0.94% over the last 24 hours. The daily range is between 105.7 and 108.7, with volume reaching US$190 M.
On the 24-hour radar, $ZEC (+4.7%) and $XRP (+1.2%) stand out for their volume and price movement. That makes $SOL the one to watch most closely today, as its EMA20 (108.5) is below its EMA50 (111.1) and the RSI is at 41.4, signaling a possible reversal.
Bullish scenario: if it breaks the 108.7 resistance, the next ceiling is 112.1. A close above that level would invalidate the bearish outlook and pave the way to the EMA50.
Bearish scenario: a drop below the 105.7 support would trigger a test of the next level at 101.7. Breaking that support would confirm the 4-hour downtrend.
Will it break 108.7 or return to 105.7? 🟢🔴
#SOL #DeFi
This is not financial advice. Do your own research before investing.
$SOL is trading at US$107.2, up a modest +0.94% over the last 24 hours. The daily range is between 105.7 and 108.7, with volume reaching US$190 M.
On the 24-hour radar, $ZEC (+4.7%) and $XRP (+1.2%) stand out for their volume and price movement. That makes $SOL the one to watch most closely today, as its EMA20 (108.5) is below its EMA50 (111.1) and the RSI is at 41.4, signaling a possible reversal.
Bullish scenario: if it breaks the 108.7 resistance, the next ceiling is 112.1. A close above that level would invalidate the bearish outlook and pave the way to the EMA50.
Bearish scenario: a drop below the 105.7 support would trigger a test of the next level at 101.7. Breaking that support would confirm the 4-hour downtrend.
Will it break 108.7 or return to 105.7? 🟢🔴
#SOL #DeFi
This is not financial advice. Do your own research before investing.