Current Price: ~$103.38
Timeframe Shown: Intraday (15m–1h range)

Market Structure

SOL is currently trading above the MA60 (~103.21), which acts as a short-term dynamic support. After a sharp dip toward $102.45, price rebounded strongly, showing dip-buying interest and short-term bullish resilience.

The structure suggests range recovery rather than breakdown, which keeps the bullish bias intact as long as price holds above key support.

Momentum Indicators

  • Stoch RSI: ~58

  • MA Stoch RSI: ~53

This places momentum in a neutral-to-bullish zone:

  • No overbought conditions yet

  • Room for continuation toward higher resistance

  • A minor pullback is possible, but momentum still favors upside

Volume Insight

Recent volume spikes during the rebound indicate active participation from buyers, confirming that the move off the lows is not weak or purely technical.

Key Levels to Watch

Immediate Support

  • $103.00 – $103.20 (MA60 + consolidation zone)

  • Strong intraday support: $102.45

Next Upside Targets

  1. $104.20 – $104.50

    • Previous intraday high

    • First resistance zone

  2. $105.80 – $106.50 (next bullish extension)

    • If price breaks and holds above $104.50 with volume

Bearish Invalidation

  • A clean break below $102.45 may open downside toward $101.20 – $100.50

Outlook Summary

  • Bias: Short-term bullish / range continuation

  • Trend Strength: Moderate

  • Next Target: $104.50, then $106 if momentum sustains

  • Risk Zone: Below $102.45

As long as SOL holds above $103, buyers remain in control and upside continuation is favored 📈

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