SOL/USD remains in a constructive up-trend on the daily chart, trading above its monthly VWAP and an ascending trendline that dates back to March 2025. This positioning tells us that buyers have been willing to pay above the long-term average price—and that momentum is intact despite a recent cool-off from overbought levels. Volume delta readings have been modestly positive, suggesting steady buying pressure without the explosive institution-level participation seen in prior rallies. The RSI recently topped 70 before pulling back into the 60–65 range, a healthy consolidation that keeps the broader bullish bias alive.
Trade idea:
• Build long positions on small pullbacks toward the monthly VWAP (around USD 165) or along the rising trendline (~USD 160).
• Target a breakout above USD 185—ideally confirmed by a significant uptick in positive volume delta—for a move toward the next resistance zone near USD 200–220.
• Place a stop-loss beneath the trendline (around USD 155) to cap downside at roughly 10–12%, while allowing for 15–25% upside.
Current sentiment:
The market is cautiously bullish. Buyers remain in control but without overextended volume spikes, indicating measured confidence rather than euphoric buying. Keeping entries disciplined around key support levels and waiting for volume-backed breakouts will offer the best risk-reward opportunities.
#Solana #SOL #Crypto
Trade idea:
• Build long positions on small pullbacks toward the monthly VWAP (around USD 165) or along the rising trendline (~USD 160).
• Target a breakout above USD 185—ideally confirmed by a significant uptick in positive volume delta—for a move toward the next resistance zone near USD 200–220.
• Place a stop-loss beneath the trendline (around USD 155) to cap downside at roughly 10–12%, while allowing for 15–25% upside.
Current sentiment:
The market is cautiously bullish. Buyers remain in control but without overextended volume spikes, indicating measured confidence rather than euphoric buying. Keeping entries disciplined around key support levels and waiting for volume-backed breakouts will offer the best risk-reward opportunities.
#Solana #SOL #Crypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.