Solana (SOL) is currently trading at $242 with a daily increase of +1.76%, after reaching a high of $244.14 and a low of $237.76 over the last 24 hours.
📊 Technical Indicators:
The price is above the short and long moving averages:
MA7 = $241.7
MA25 = $229.4
MA99 = $211.9
This reflects a strong upward trend.
The Stochastic RSI shows overbought conditions (K=86, D=89) which may indicate a possibility of a short-term correction before continuing to rise.
The trading volume remains strong and supports the continuation of the upward trend.
🎯 Potential Upward Targets:
First target: $246 – $248 (near resistance).
Second target: $255 (important psychological level).
Third target: $270 if the buying momentum continues.
🛑 Support Areas (in case of a drop):
First support: $236 (close to MA7).
Second support: $229 (25-day average).
Third support: $212 (99-day average).
📌 Potential Buy Point: In case of a retest at $236 – $238 with confirmation of a bounce.
📌 Sell Point (take profit): At $246 – $248 or gradually above $255.
📌 Stop Loss: Below $229.
