@Solana Official USDT is rallying trading near $238.47 on the 4h chart,
up 7.3%, with strong momentum but flashing overbought signals. Consider a long after a pullback to $232–$235,
targeting $250–$270
Fear & Greed index is neutral
Momentum is robust: MACD shows a bullish crossover (MACD 5.91 vs Signal 4.77, Histogram +1.14) and price is above both EMA(20) at $227.38 and SMA(50) at $222.80. - Volatility is high, with price closing above the upper Bollinger band ($235.21), signaling strength, but suggesting possible exhaustion soon.
Overbought signs: RSI is 79.6—very strong but could indicate a moderation phase
Support zones are $235.00 (upper BB, immediate) and $224.14 (Fibonacci 23.6%). Resistance stands at $240 (recent high), then $250 and $270.
Execution Plan: - Spot entry on a pullback into $232–$235
Have a nice weekend