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【$SOL Signal】Multi-cycle resonance, sniper at 1H breakout
$SOL 1H timeframe price closely hugging the upper Bollinger Band, MACD histogram continuously expanding, buying depth slightly favored. The 4H MACD has formed a bullish crossover underwater and continues to strengthen, with the price already above the EMA20 and EMA50 double moving averages, shifting from consolidation to a bullish bias. The negative funding rate provides an additional safety cushion.
Price can directly go long within the range of 85.43 to 85.84.
Defense must be placed below 84.99.
First target is set at 87.56.
Second target is set at 88.41.
Open interest remains stable, with no signs of a pump and dump, and the momentum of this upward move is worth looking forward to. After multiple tests around 85.7, the price pulled up, with firm support below. The 1-hour RSI is around 54, still away from overbought territory, leaving room for further gains.
Check real-time market 👇 $SOL
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