$SOL
SOL/USDT Update: Is the $90 Breakout Next? 🚀
Solana ($SOL) is showing some serious strength on the 1-hour chart! If you’ve been watching the sidelines, it’s time to pay attention to these key indicators:
📊 Technical Breakdown:
Price Action: SOL is currently trading at $87.48, up +2.41%. We are seeing a series of higher lows, suggesting buyers are stepping in aggressively.
MACD: We just saw a bullish crossover! The green histograms are expanding, signaling that the upward momentum is gaining steam.
RSI Check: Sitting at 67.15. While it's getting close to the "Overbought" zone, there is still enough room for one more push toward the local resistance.
Bollinger Bands: Price is hugging the Upper Band. A clean break above $88.37 could trigger a massive short-squeeze.
⚡ Potential Trade Setup:
Entry Zone: $87.00 - $87.50 (Current Market Price)
Take Profit 1: $88.40 (Immediate Resistance)
Take Profit 2: $90.50 (Psychological Level)
Stop Loss: Below $84.00 (To protect capital if the trend reverses)
⚠️ Risk Note: Crypto markets move fast. Always use a Stop Loss and manage your leverage wisely. This is not financial advice—DYOR (Do Your Own Research).
💬 What’s your move? Are you Long or Short on SOL right now? Let me know your targets in the comments! 👇
#Solana #SOL #CryptoTrading #TechnicalAnalysis #BinanceSquare #Bullish