Solana (SOL) is testing key support levels after a strong rally earlier in May. Price has dipped below the 50 EMA while staying just above the 200 EMA, signaling potential consolidation or reversal territory. RSI is showing early signs of bullish divergence, hovering near the 40 level. This setup could indicate either an upcoming bounce or deeper correction, depending on volume and trend confirmation.
Indicators:
EMA 50 / EMA 200 crossover watched closely
RSI 14 showing volatility near oversold
1H timeframe (Binance spot chart)
Indicators:
EMA 50 / EMA 200 crossover watched closely
RSI 14 showing volatility near oversold
1H timeframe (Binance spot chart)
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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.