๐ Solana (SOL) Trading Signals: Catch the Next Wave! ๐
๐ Current SOL Price: $143.21 (as of Sep 3, 2025) with a 24h trading volume of $2.87B, down 2.15%. #Solana is testing key support at $140, showing potential for a breakout! Hereโs how to trade SOL with buy/sell signals based on technical analysis
๐น Buy Signal
Entry: $140โ$145 (near support, aligns with 50-day EMA and 0.5 Fibonacci retracement).
Why: RSI at 42.18 (neutral, nearing oversold) and recent on-chain data showing 1.2M active addresses signal strong network activity and potential bullish momentum. A break above $150 resistance could target $180!
Tip: Confirm entry with a bullish candlestick (e.g., engulfing) or rising volume on platforms like TradingView.
๐ธ Sell Signal
Exit: $175โ$185 (near resistance, especially $180 where historical selling pressure peaks).
Why: MACD at -0.012 indicates short-term bearish momentum, and $180โ$185 is a key resistance zone. Watch for bearish patterns like doji or declining volume to time your exit.
Tip: Set take-profit at $175 (TP1) and $185 (TP2) to secure gains, with a stop-loss at $135 to manage risk.
๐ Chart Insight: On the 4H chart, SOL is consolidating above $140 support, forming a potential ascending triangle. A breakout above $150 with high volume could spark a rally toward $200! On-chain metrics, like $1.5B in DeFi TVL, support SOLโs long-term strength. #SOLBullish
โ ๏ธ Risk Management: Use stop-loss orders (e.g., $135 for buys) and avoid chasing pumps. Crypto is volatileโDYOR and trade smart! #SolanaTrading #CryptoSignals
Disclaimer: Not financial advice. Trade at your own risk.