SOL

SOL is in a broader bearish structure with price below the EMA50 ($109.87) and well below the EMA200 ($119.20), indicating the larger trend remains down. However, near-term momentum is stabilizing: RSI 52.86 is neutral (no overbought/oversold edge), while MACD shows a positive histogram (+0.56) with the line (-1.56) above the signal (-2.12), suggesting a short-term bullish impulse within a downtrend. Price is also holding above the Bollinger midline ($104.47) and trading near the upper band ($107.10), implying an attempt to push higher, but upside follow-through is questionable given low participation (volume ratio 0.54x) and a notably ask-heavy top of book (large ask size near $105.90), which can cap rallies. With ATR at $1.33, volatility is moderate and the nearest actionable levels are tight: support sits around $104.5 then $101.8, while resistance is $107.1 then $109.9. Best action is to wait for confirmation (break/hold above $107.1 on rising volume for longs, or loss of $104.5 for downside). Ideal stop loss (if long): $103.40; if short: $107.60.