#DeepCreationCamp Solana (SOL) is currently showing mixed momentum as price consolidates after a strong directional move. The broader trend remains constructive on higher timeframes, but short-term charts indicate a cooling phase as traders lock in profits. Price is hovering near a key support zone formed by previous resistance, suggesting a potential flip level that could determine the next major move.



On the daily timeframe, SOL continues to trade above its 50-day moving average, signaling underlying bullish structure. However, declining volume during recent upward pushes hints at weakening momentum. RSI is neutral, sitting near the midline, which reflects indecision in the market. A breakout above the recent swing high could trigger renewed bullish momentum toward the next resistance cluster, while a breakdown below support may open the door for a deeper retracement.

From a structural perspective, higher lows are still intact, which keeps the bullish bias valid unless that pattern is broken. Traders should monitor liquidity zones around recent highs and lows, as volatility is likely to expand once price escapes the current range.

If buyers reclaim momentum with strong volume confirmation, SOL could attempt another impulsive leg upward. Conversely, failure to defend support may shift sentiment bearish in the short term. Risk management remains essential in this range-bound environment.$BTC
BTC-2,57%
post-image
Awais
Awais Pablo
MC:$0.1Holders:1
0.00%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)