$SOL is moving fast — but this is exactly where I’d avoid chasing candles. 👀
On the 1H chart, SOL is around $117 after breaking above the recent $109–$111 zone. The structure is clearly bullish: price is above the 7, 25 and 99 MAs, while volume has expanded with the breakout.
But there’s one big warning: RSI(6) is around 91, meaning short-term momentum is extremely overheated. A pullback or sideways consolidation wouldn’t be surprising here.
The key level to watch is $114–$115. If bulls defend that area, $118.18 is the immediate resistance, followed by the psychological $120 zone.
If $114 breaks, momentum could cool toward $112 and $109.
So yes, $SOL looks strong — but the cleaner setup may come after a retest, not after a vertical candle. 🔥
#sol #solana #SolanaStrong
On the 1H chart, SOL is around $117 after breaking above the recent $109–$111 zone. The structure is clearly bullish: price is above the 7, 25 and 99 MAs, while volume has expanded with the breakout.
But there’s one big warning: RSI(6) is around 91, meaning short-term momentum is extremely overheated. A pullback or sideways consolidation wouldn’t be surprising here.
The key level to watch is $114–$115. If bulls defend that area, $118.18 is the immediate resistance, followed by the psychological $120 zone.
If $114 breaks, momentum could cool toward $112 and $109.
So yes, $SOL looks strong — but the cleaner setup may come after a retest, not after a vertical candle. 🔥
#sol #solana #SolanaStrong