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# SOL Breaks $170
📈 SOL broke above $170!
Solana (SOL) is showing a confident growth, reaching $170.01 with an increase of 0.9% in the last 24 hours. The current price on the chart is $166.30, indicating a slight correction after a peak of $177.76. The trading volume is impressive — 458.28K🔥
What's next? After breaking the $170 level, SOL could target the next resistance around $180 if it maintains the current momentum. However, RSI(6) at 34.85 and RSI(12) at 46.02 indicate a neutral zone, with no clear overbought conditions, which leaves room for growth. What are your forecasts and strategies? Share in the comments! 🚀
Analysis of the SOL/USDT chart ( 1-hour timeframe )
Price and movement:
Current price: $166.30 (+2.66%).
Maximum in 24 hours: $177.76, minimum: $160.17.
SOL recently broke the $170 level but has pulled back below, which may indicate a temporary correction.
Moving averages (EMA):
EMA5: 167.01, EMA10: 167.39, EMA20: 167.15, EMA60: 167.33.
The price is below all EMAs, indicating short-term bearish pressure. However, the proximity of the price to the EMAs may signal a possible reversal if SOL returns above these levels.
Volumes (VOL):
Trading volume: 1.26K on the last candle, which is below the peak values of ( up to 2.02K ).
A decrease in volume during a pullback may indicate weakening sellers, which is favorable for bulls when growth resumes.
Indicators:
KDJ: K: 31.51, D: 11.48 — K crossed D from below, which may be a buy signal.
RSI: RSI(6) — 34.85, RSI(12) — 46.02, RSI(24) — 48.29. Indicators are in the neutral zone, without overbought or oversold conditions.
StochRSI: 14.31 (oversold), which may signal a reversal upward.
Support and resistance levels:
Support: $159.43 ( nearest minimum ).
Resistance: $177.76 (recent high).
Output:
SOL shows potential for further growth if it holds support at $159.43 and returns above the EMA. The indicators (StochRSI and KDJ) hint at a possible upward reversal. However, it's important to keep an eye on the volumes and news background, as the cryptocurrency market is volatile.