altFINS

SOL: Pullback in Uptrend

Long
BINANCE:SOLUSDT   SOL / TetherUS
Solana (SOL) technical analysis:

Trade setup: After price broke back above $20 resistance and 200-day moving average. Then, price spiked up 50% into a stiff resistance zone ($25-30) and got very overbought (RSI > 80). Pullbacks near $20-$22 support zone (also 200-day Moving Average) could be attractive swing entries in Uptrend.

Trend: Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.

Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).

Support and Resistance: Nearest Support Zone is $20 (previous resistance), then $15. The nearest Resistance Zone is $25 – $30, then $38.

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