$SOL is consolidating after a local high, maintaining a constructive structure — and to me, this looks like healthy cooling before a potential continuation.
Current Price: 123.80 (at the time of the screenshot), fluctuating between 122.36–124.13
Local High/Low: High at 130.16, low at 122.36
Support Zones: 122.00–124.00
Resistance Zones: 127.50–130.00
SOL showed a steady upward trend, reaching a local peak at 130.16, then entered a phase of intraday correction. EMA(12) and EMA(26) are nearly aligned (125.09 vs 125.32), indicating temporary loss of momentum, but not a reversal. RSI at 38.64 suggests oversold conditions, which could become a bounce point.
Last 24-Hour:
Price range: 121.37 to 124.83, average ~122.87
24h change: +0.46%
Trading volume: over $255M
Volatility: ~2.5% — moderate but active
🔥To me, this looks like healthy cooling after a strong impulse. As long as SOL holds above ~122 and continues forming higher lows, I see it as a constructive long-side asset. A recovery above 127.5 could reignite momentum.