🔍 Chart Observations:

• Current Price: $203.59

• Recent High: $204.99 (strong resistance level)

• EMAs:

• EMA(7) = $201.01

• EMA(25) = $197.49

• EMA(99) = $187.07

• RSI Levels:

• RSI(6) = 65.67

• RSI(12) = 63.07

• RSI(24) = 62.83

(All showing moderate bullish momentum but nearing overbought zone)

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🧭 Technical Interpretation:

• Trend: Short-term uptrend is intact. The price is above all major EMAs — a bullish sign.

• Volume: Increasing volume confirms strong buying interest.

• Resistance Zone: Around $205 — already tested once. If broken with volume, we may see a breakout.

• Support: $197.60 is local support, near EMA(25). Stronger support at $188–$190 zone (prior consolidation and EMA(99)).

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📈 Next Move Prediction:

• 🔼 Bullish Scenario (More Likely):

If SOL breaks and holds above $205, next targets could be:

• $210

• $217 (next psychological + technical resistance)

• 🔽 Bearish Pullback (If rejected at $205):

A retest of $197–$198 range likely. Further drop could aim for:

• $190 support

• $187 (EMA99)

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✅ Strategy Suggestion:

• Long entry: On confirmed breakout above $205 with volume (Target: $210–$217).

• Short scalp: If price gets rejected again at $205 and breaks below $201 (Target: $198–$195).

• Avoid entries in current chop unless breakout or breakdown is confirmed.$SOL

SOL

82.2

-4.50%