Current Price: 126.96 USDT
24H Range: 125.98 – 127.76
24H Volume: ~111.15M USDT
Market Bias: Neutral to Slightly Bearish (Intraday)
Technical Overview
SOL is trading near the lower end of its intraday range after a mild pullback. Price action remains below key short-term resistance zones, indicating limited bullish momentum in the immediate session.
Trend: Short-term consolidation with downside pressure
RSI (14): Near 60, suggesting neither overbought nor oversold conditions
Momentum: Weak bullish attempts, sellers active near resistance
Key Levels
Immediate Resistance: 127.80 – 129.50
Major Resistance: 132.00 – 135.00
Immediate Support: 125.50 – 124.80
Strong Support: 122.00 – 120.00
Intraday Trading Scenarios
Bullish Case: A sustained break and hold above 129.50 may open room toward 132.00 for quick intraday longs.
Bearish Case: Failure to hold 125.50 could trigger further downside toward 124.00 and possibly 122.00.
Strategy Note
Intraday traders should focus on short-term breakouts or breakdowns with strict risk management. Avoid over-leveraging as volatility remains moderate and direction is not yet decisive.
This analysis is for educational purposes only. Always manage risk according to your trading plan.
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