1 hour ago
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Key Takeaways
- SOL at $86.37, sitting just below Fibonacci 0.5 resistance at $87.31.
- SMA50 crossed above SMA100 on daily: bullish MA crossover confirmed.
- Horizontal support at $84 has held multiple tests since April.
- RSI at 47.28, signal at 54.39: momentum negative but approaching critical 50 level.
The Fibonacci Level and What It Means Here
The Fibonacci 0.5 retracement of the move from the April low near $76.45 to the May high near $97 places the midpoint at $86.7, consistent with the $87 level labeled on the chart. The price at the time of writing is $86.37, just below that level.
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