📊 Setup of the day: $SOL to test the short-term average
SITUATION
$SOL at $110.21 (+0.63% in 24h, -8.08% in 7 days), with volume of $180.6 million. After the weekly drop, the price is hugging the 4h SMA-20 ($110.40) and still below the SMA-50 ($114.91). RSI-14 is at 57.7, in neutral territory.
LEVELS
Support: $105.71 (7-day low) and $109.26 (24h low)
Resistance: $113.40 (24h high), $114.91 (SMA-50), and $122.29 (7-day high)
SCENARIO A
If it closes above $110.40 on the 4h chart and then breaks above $114.91 with volume, it could open the way to test $122.29.
SCENARIO B
If it loses $109.26 and fails to reclaim the SMA-20, focus shifts back to support at $105.71.
WHAT WOULD CONFIRM IT
A 4h close above the SMA-20, with RSI holding above 50 and volume supporting the move. Without that, it is just a pause amid weekly pressure.
RISK
Altcoins are more volatile and have wider spreads than BTC—the stop needs to account for that distance, and position size should be smaller. Without confirmation, there is no setup.
CONCLUSION
$SOL is at a technical decision point, not in a confirmed trend. Waiting for the 4h close is the more prudent approach today.
#Solana #CriptoVisao #Altcoins
SITUATION
$SOL at $110.21 (+0.63% in 24h, -8.08% in 7 days), with volume of $180.6 million. After the weekly drop, the price is hugging the 4h SMA-20 ($110.40) and still below the SMA-50 ($114.91). RSI-14 is at 57.7, in neutral territory.
LEVELS
Support: $105.71 (7-day low) and $109.26 (24h low)
Resistance: $113.40 (24h high), $114.91 (SMA-50), and $122.29 (7-day high)
SCENARIO A
If it closes above $110.40 on the 4h chart and then breaks above $114.91 with volume, it could open the way to test $122.29.
SCENARIO B
If it loses $109.26 and fails to reclaim the SMA-20, focus shifts back to support at $105.71.
WHAT WOULD CONFIRM IT
A 4h close above the SMA-20, with RSI holding above 50 and volume supporting the move. Without that, it is just a pause amid weekly pressure.
RISK
Altcoins are more volatile and have wider spreads than BTC—the stop needs to account for that distance, and position size should be smaller. Without confirmation, there is no setup.
CONCLUSION
$SOL is at a technical decision point, not in a confirmed trend. Waiting for the 4h close is the more prudent approach today.
#Solana #CriptoVisao #Altcoins