$SOL
$SOL Bullish Momentum! Will Solana Break $145? 🚀
Post Content:
Hello Binance Square community! 👋
Solana ($SOL) is looking strong on the 1-hour chart. Here’s a quick technical breakdown of what the indicators are telling us:
📊 Key Technical Insights:
Bullish Trend: SOL is currently trading at $142.87, showing a solid +3.04% gain. It is currently testing the upper Bollinger Band.
MACD Crossover: We are seeing a fresh bullish crossover on the MACD, with the histogram turning green, signaling upward pressure.
RSI Check: The RSI (6) is at 68.71. While it shows strong buying strength, it is nearing the "overbought" zone, so keep an eye on a potential minor correction.
🎯 Trade Setup:
Resistance: The immediate hurdle is at $144.40. A clean break above this could lead us toward $148 - $150.
Support: Strong support is sitting at $140.80 (Middle Band). As long as we stay above this, the trend remains bullish.
Strategy: Watch for a breakout above $144.50 for a long entry. Always use a Stop Loss around $138 to manage your risk! 🛡️
What’s your take? Is SOL heading to the moon 🌕 or do you expect a pullback? Let me know in the comments! 👇
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