Technical analysis view on SOL:
Key price level resistance: Pay attention to $146.91, which is a key level that bulls need to break through. Next is the $150-$155 range.
Support level: $123.11 is the recent key support, with stronger support at $121.66.
Technical indicator signals MACD: A bullish divergence has appeared, and the histogram shows that upward momentum is building.
RSI: It is in a neutral area (around 43-44), not entering overbought or oversold.
Bollinger Bands: Prices are running between the middle and lower bands, indicating that prices are relatively low compared to their moving average.
Volume and market sentiment: The volume has exceeded $400 million, considered a favorable level for supporting the continuous movement of prices. There is a view that when the trading volume exceeds $250 million, the continuity of subsequent trends may be stronger.
