Price has stalled at $128, but take a look at the daily chart:
• RSI = 32 (approaching the oversold zone)
• Price is below all key EMAs — from 134 to 144
• Trend over the year: -49%
What does this mean?
Technically, the coin is in a deep correction, but the RSI signal may attract buyers. However, for growth, it will have to break a whole 'ceiling' of moving averages above it.
The main question to the community:
SOL is trying to form a bottom in this range ($125–$130) or is it just a pause before a new drop to lower levels?
Your bet? 👇
🔵 Buying the bottom — RSI signals, I believe in SOL's strength
🔴 Waiting for a breakout at $125 — for a short or exit
🟡 Watching from the sidelines — waiting for a clear reversal or breakout
🟢 Buying more for averaging — DCA strategy in action
Comment below whether you believe in a quick return of SOL to $150+ or are waiting for a test of lower levels.
