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📊 SOL/USDT Technical Update (1-Hour Chart)

Hey guys! Here is a quick look at the $SOL 1-Hour chart. The price is currently trading around $106.48 and showing some interesting patterns.
Key Technical Indicators Observed:
• Support and Resistance: SOL is holding steady above its recent local support level of $103.54, while trying to break the local resistance near $108.25.
• RSI (6): The Relative Strength Index is currently sitting near 42.59. This shows neutral momentum, meaning the market is consolidating and preparing for the next big move.
• MACD: The MACD lines are closely moving near the baseline (DIF: 0.31, DEA: 0.34) with minor bearish histogram momentum (-0.03). We need a clear bullish crossover for a strong upward push.
• Parabolic SAR: The dots are hovering near 105.44, providing immediate short-term support.
My Analysis:
If SOL comfortably breaks and stays above $107, we could see a fresh test of the $108.25 resistance zone. However, if it loses the $105 area, it might retest the lower support zone at $103.54. Keep a close eye on the volume!
What are your thoughts on Solana? Is it going up or down from here? Let me know in the comments below#SolanaStrong #SLOUSDT #writetoearn #EarningsSeason $SOL

#SLOUSDT long