$SOL Solana (SOL) Technical Analysis
· Price & Range: $139.51, ranging $136.84 - $143.91 over 24 hours.
Trade Setup (for a buy signal):
· Signal: Buy (based on technical rating).
· Entry: Near current levels (~$139).
· Stop Loss: Below $130 (key support).
· Targets: T1: $146.91, T2: $152.20, T3: $162.00.
· Key Indicators: RSI (14) at 60.36 (Neutral), MACD bullish at 2.11. Price holds above 50 EMA ($136.64) but below 200 EMA ($162.69), indicating mixed longer-term signals.
· Momentum & Sentiment: Short-term momentum is positive with price above key short-term EMAs. The structure is constructive, holding above crucial support, but sentiment is cautious due to proximity to the long-term 200 EMA.
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· Short-Term Outlook: Expect testing of immediate resistance near $144.66. A breakout above this level with volume is needed to confirm a move towards higher targets.
Disclaimer: This analysis is for informational purposes only and not financial advice. Cryptocurrency trading carries significant risk.