SOLANA $SOL RECLAIMING MOVING AVERAGE SUPPORT FOR A BULLISH CONTINUATION REBOUND ARE BULLS TARGETING $115.80 NEXT?
Pair: $SOL /USDT
Direction: LONG
Timeframe: 1H
Entry Price: 110.42
Target Levels
TP 1: 112.44 +1.83%
TP 2: 113.78 +3.04%
TP 3: 115.80 +4.87%
Stop Loss
SL: 107.73
Technical Breakdown
SOL ($110.44) executed a strong bottoming reversal following a capitulation sweep down to test the $106.00 demand zone. Steady green candle expansion back into the middle-to-upper portion of the Bollinger Bands confirms aggressive buyer absorption and structural momentum shift toward overhead target levels.
Price action has successfully crossed above short-term MA 7 (~109.50) and is currently pressing above intermediate MA 25 (~110.20). Sustaining above MA 25 clears the path toward baseline MA 99 (~116.50), which sits directly above the TP 3 target level.
RSI (14) has recovered sharply from deeply oversold levels below 20.00 back toward 50.00–55.00, confirming solid upside expansion. The MACD indicator displays expanding cyan histogram bars with signal lines trending steadily upward following a bullish crossover, confirming active buyer control.
$SOL
Pair: $SOL /USDT
Direction: LONG
Timeframe: 1H
Entry Price: 110.42
Target Levels
TP 1: 112.44 +1.83%
TP 2: 113.78 +3.04%
TP 3: 115.80 +4.87%
Stop Loss
SL: 107.73
Technical Breakdown
SOL ($110.44) executed a strong bottoming reversal following a capitulation sweep down to test the $106.00 demand zone. Steady green candle expansion back into the middle-to-upper portion of the Bollinger Bands confirms aggressive buyer absorption and structural momentum shift toward overhead target levels.
Price action has successfully crossed above short-term MA 7 (~109.50) and is currently pressing above intermediate MA 25 (~110.20). Sustaining above MA 25 clears the path toward baseline MA 99 (~116.50), which sits directly above the TP 3 target level.
RSI (14) has recovered sharply from deeply oversold levels below 20.00 back toward 50.00–55.00, confirming solid upside expansion. The MACD indicator displays expanding cyan histogram bars with signal lines trending steadily upward following a bullish crossover, confirming active buyer control.
$SOL