What are the levels to mark in your chart? Stay till the end to uncover impactful price clues most traders miss.
Solana trades at $221 today. $SOL is above the significant support level of $205. Discover the next targets.
What are the support and resistance levels for $SOL?
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $205 | 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 | $195 | Bollinger Bands are volatility bands. They expand and contract based on the market volatility. The lower Bollinger Band is the lower deviation from the 20-day simple moving average. |
| Resistance 1 | $230 | 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 | $245 | 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 $205. Resistance near $230. Extension target $292.
Should I sell Solana to take profits or wait?
Stochastic RSI is 90. Resistance sits at $230. 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 $230. EMA100 is at $205. Solana trades at $221. Compare these values to determine trend direction.
What should a buyer or seller do?
Buyers can enter near $205 or $195. Place stops below $195. Sellers can exit near $230 or $245. 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 90. 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 $205 support. 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 content is for education only. It is for entertainment and information. The writer shares their thoughts. Opinions come from reviewers. Your risk tolerance may differ. We are not responsible for losses. These losses relate to investments. This includes direct or indirect relations. Solana and other cryptocurrencies are high-risk. Please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd.
The post SOL Squeeze Setup: 3 Entries — Are Positions Ready? appeared first on Altcoin Buzz.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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