đ SOLANA ( $SOL): SHORT-TERM RECOVERY, BUT IS THE TREND CHANGING?
Solana is trading around $90.35, down 6.18% over the past 24 hours.
Looking at both the 15-minute and 1-hour charts, there is an interesting difference in momentum.
On the 15-minute timeframe, SOL is showing signs of recovery:
âą RSI (14): 62.18
âą MACD: Positive at 0.05
âą Price is above MA(7) at $90.16 and MA(30) at $89.73.
This suggests buyers are currently gaining short-term momentum.
However, the 1-hour chart tells a more cautious story:
âą RSI (14): 44.42
âą Price remains below MA(30) at $91.37.
âą MA(200) sits higher at $94.52.
âą MACD histogram has turned positive, but the broader momentum picture remains below zero.
Important levels to watch:
Support: $88.40â$88.50
Immediate resistance: $91.37â$92.10
Higher resistance: $93.00â$94.60
The distinction matters: a stronger 15-minute chart does not automatically mean the hourly trend has reversed.
A sustained move above nearby resistance would strengthen the recovery case. Failure to hold the current area could bring the $88.50 support zone back into focus.
My current bias: cautious, with short-term bullish momentum but a still-weak hourly structure.
Would you consider this an early recovery or simply a relief bounce?
#Solana #SOL
Solana is trading around $90.35, down 6.18% over the past 24 hours.
Looking at both the 15-minute and 1-hour charts, there is an interesting difference in momentum.
On the 15-minute timeframe, SOL is showing signs of recovery:
âą RSI (14): 62.18
âą MACD: Positive at 0.05
âą Price is above MA(7) at $90.16 and MA(30) at $89.73.
This suggests buyers are currently gaining short-term momentum.
However, the 1-hour chart tells a more cautious story:
âą RSI (14): 44.42
âą Price remains below MA(30) at $91.37.
âą MA(200) sits higher at $94.52.
âą MACD histogram has turned positive, but the broader momentum picture remains below zero.
Important levels to watch:
Support: $88.40â$88.50
Immediate resistance: $91.37â$92.10
Higher resistance: $93.00â$94.60
The distinction matters: a stronger 15-minute chart does not automatically mean the hourly trend has reversed.
A sustained move above nearby resistance would strengthen the recovery case. Failure to hold the current area could bring the $88.50 support zone back into focus.
My current bias: cautious, with short-term bullish momentum but a still-weak hourly structure.
Would you consider this an early recovery or simply a relief bounce?
#Solana #SOL
