SOL

SOL is showing clear short‑term overbought conditions with weakening follow‑through. RSI at 83.2 is deep into overbought territory, historically associated with mean‑reversion risk rather than fresh upside entries. Price is trading essentially at the upper Bollinger Band ($126.31 vs $127.69) after a multi‑hour grind higher, but volume is only 0.47x the 20‑period average, indicating a lack of strong conviction behind the move. MACD is strongly positive (histogram 0.73), but this looks more like a late‑stage momentum extension than an early bullish crossover, especially with the broader trend labeled neutral and price still below the 200 EMA at $128.28. The tight ATR ($1.43) versus the recent range suggests limited near‑term upside relative to downside if a pullback to the middle band ($121.87) or recent support near $122–123 occurs. Order book shows a large ask size at $126.26 versus a much smaller bid, hinting at supply overhead. Risk/reward for new longs is poor here; bias is to lock in profits or reduce exposure and look to re‑enter on a pullback toward support.