$SOL ๐ SOL/USDT โ 1H Technical Update
SOL is showing strong bullish momentum, currently trading around $105.57 after gaining approximately 6.09% in 24 hours.
๐น 24H High: $106.12
๐น Immediate Resistance: $106.12โ$106.50
๐น Support: $104.40
๐น Stronger Support: $102.70โ$103.50
๐น MA(7): $104.00
๐น MA(25): $101.70
๐น Supertrend: $102.71
๐น RSI(6): 83.86
The 1H structure remains bullish, with price trading above the short- and medium-term moving averages and the Supertrend.
However, RSI at 83.86 indicates very strong momentum and an overheated short-term condition. SOL is also approaching the recent high around $106.12, so consolidation or a pullback is possible if buyers fail to push through this zone.
Key levels to watch:
โก๏ธ Break above $106.12โ$106.50
โก๏ธ Hold above $104.40
โก๏ธ Deeper support around $102.70โ$103.50
Volume has also increased during the recent upward move, making the $106 area an important level for the next move.
โ ๏ธ Technical analysis only โ not financial advice. Trade with proper risk management.
SOL is showing strong bullish momentum, currently trading around $105.57 after gaining approximately 6.09% in 24 hours.
๐น 24H High: $106.12
๐น Immediate Resistance: $106.12โ$106.50
๐น Support: $104.40
๐น Stronger Support: $102.70โ$103.50
๐น MA(7): $104.00
๐น MA(25): $101.70
๐น Supertrend: $102.71
๐น RSI(6): 83.86
The 1H structure remains bullish, with price trading above the short- and medium-term moving averages and the Supertrend.
However, RSI at 83.86 indicates very strong momentum and an overheated short-term condition. SOL is also approaching the recent high around $106.12, so consolidation or a pullback is possible if buyers fail to push through this zone.
Key levels to watch:
โก๏ธ Break above $106.12โ$106.50
โก๏ธ Hold above $104.40
โก๏ธ Deeper support around $102.70โ$103.50
Volume has also increased during the recent upward move, making the $106 area an important level for the next move.
โ ๏ธ Technical analysis only โ not financial advice. Trade with proper risk management.
