On the 1-hour chart (8/12), Solana has managed to reclaim the Supertrend flip zone at $134.33, which is now short-term support. The latest rally pushed the price to the $139 range with candles showing acceleration, and the RSI briefly touched overbought levels, indicating a momentum push, not just random movements.
The RSI is currently at 68, which still gives room for continuation, but also increases the risk of rejection at the resistance area if volume weakens. Intraday traders need a clean close above $140 to sustain a breakout attempt towards the 200-day EMA.
If it fails, the price will likely return to the $135-$134 range, where support will be tested again. The current structure favors an upside attempt with a mild correction, but the trend line above still makes this move fragile until there is clear confirmation
SOL
132.68
-4.57%
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