SOL leading the charge: +11.7% (24h), +15.4% (7d) to $108.2
Technical breakdown:
• EMA9 (106.2) > EMA21 (103.7) — bullish alignment intact
• RSI 75.6 — overbought but typical for strong momentum runs
• Volume $528M/24h — healthy, not euphoric
• Last 1h candle: red spinning top at $109.6 high — first sign of exhaustion
Key levels:
Resistance: $110 (psychological), $113 (prior swing)
Support: $105 (EMA9), $101 (EMA21), $96 (24h low)
Catalyst: Firedancer validator client progress + growing DeFi TVL + memecoin launchpad activity driving fee revenue.
RSI divergence watch on 4h — if price makes higher high but RSI fails, correction to $101-103 likely before next leg.
$SOL #Solana #DeFi #CryptoAnalysis
What’s your bias — chase the breakout or wait for pullback?
Technical breakdown:
• EMA9 (106.2) > EMA21 (103.7) — bullish alignment intact
• RSI 75.6 — overbought but typical for strong momentum runs
• Volume $528M/24h — healthy, not euphoric
• Last 1h candle: red spinning top at $109.6 high — first sign of exhaustion
Key levels:
Resistance: $110 (psychological), $113 (prior swing)
Support: $105 (EMA9), $101 (EMA21), $96 (24h low)
Catalyst: Firedancer validator client progress + growing DeFi TVL + memecoin launchpad activity driving fee revenue.
RSI divergence watch on 4h — if price makes higher high but RSI fails, correction to $101-103 likely before next leg.
$SOL #Solana #DeFi #CryptoAnalysis
What’s your bias — chase the breakout or wait for pullback?
