What are the support and resistance levels for $SOL?
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $195 | 100 EMA is the 100 day Exponential Moving Average. It is the average price over the last 100 days. It shows market trends over a mid or long term. |
| Support 2 | $180 | Bollinger Bands are volatility bands. They expand and contract based on the market volatility. Lower Bollinger Band is the lower deviation from the 20 day simple moving average. |
| Resistance 1 | $240 | 50 EMA is the 50 day Exponential Moving Average. It is the average price over the last 50 days. It shows market trends over a short or mid term. |
| Resistance 2 | $255 | Upper Bollinger Band is the upper deviation from the 20 day simple moving average. |
FAQ
What price targets should I consider for Solana $SOL?
Support at $195. Resistance near $240. Extension target $292.
Should I sell Solana to take profits or wait?
Stochastic RSI is 45. Resistance sits at $240. Place stop-loss below $195.
How do I set stop-loss levels for Solana?
Place stops below $195 support. Consider using swing lows as reference points.
What are the Solana moving averages indicating?
EMA50 is at $240. EMA100 is at $195. Solana trades at $229. Compare these values to determine trend direction.
What should a buyer or seller do?
Buyers can enter near $195 or $180. Place stops below $180. Sellers can exit near $240 or $255. Take profits at $292. Manage your risk carefully.
How do Fibonacci levels affect Solana price?
Fibonacci 61.8% level sits at $176. Fibonacci 138.2% extension targets $292.
What does $SOL momentum show?
Stochastic RSI K reads 45. Values above 80 mean overbought conditions. Values below 20 mean oversold conditions. And values between 20-80 show neutral momentum.
Conclusion
Solana shows weakness below $240. Eyes on $195 for breakdown risk. Momentum favors bears. Another sell-off may follow. Stay cautious, protect capital.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies presented are the thoughts and opinions of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Solana and other cryptocurrencies are high-risk investments; therefore, please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd.