Recently, I've been a bit conflicted about SOL's price movement. After dinner, I kept watching the market, and the more I looked, the more I felt something was off — superficially, it's been consolidating quietly, but you can sense that something underlying is brewing. This feeling is like the tension before a storm.
I'm afraid of jumping in at the middle of the move, but I'm also worried about missing this wave. Many people probably share this dilemma.
Let's look at the technical data. SOL's RSI is currently steady at 56.3, which is quite interesting. The 40 to 60 range is neutral, not yet in the overbought zone above 70, indicating that the bulls still have room to push higher. But this position feels very delicate — like a sprinter crouched at the starting line, ready to launch, but possibly either taking off or slipping back.
More importantly, the order book shows a clear pattern. Recently, SOL has been locked around 134.27, in a complete sideways mode. This kind of movement is definitely not caused by retail traders; there must be big funds behind it. Anyone who has traded before knows that the longer the consolidation, the more explosive the subsequent move tends to be. Usually, it either continues sideways or suddenly breaks out with significant volatility.
Looking at key levels, the resistance above is at 138.30, which still has some space from the current price. Using the mountain-climbing analogy, we're still on the foothills, with plenty of open terrain ahead. But the price at 136.96 is particularly important — it might be the "ignition switch." If we can hold this level and break through it, there's a high probability of a continuous upward trend afterward.
The bullish trend is intact, but the problem is that the better the market performs, the more vigilant we need to be. The market loves to catch you off guard when you're least expecting it. So, it's crucial to keep an eye on these key levels and not hesitate to cut losses when necessary.