#solana 🚀 SOL: Bounce or the start of a new rally?
After a recent drop to a local minimum of $117.15, Solana is showing signs of life! On the hourly chart, we see a confident attempt at a reversal.
What do the indicators say?
Price: Currently trading around $122.31 (+2.94%).
RSI (6): At 53.57 — this is the "golden mean," which provides room for both further growth and stabilization.
EMA: The price is trying to break above the short-term moving averages (yellow and pink lines). If we secure above — the next target EMA(99) is around $126.
Will Solana be able to return to the $135 mark and above? It is critically important to maintain the $120 level right now. The trading volume over 24h amounts to a solid $605M, indicating high interest from traders.
💎 What’s your strategy?
Buying on the bounce 📈
Waiting for trend confirmation ⏳
Shorting, because this is just a correction 📉
Share your thoughts in the comments! 👇
