🚀Here is a technical analysis of Solana (SOL)☀️ based on recent data:
### **Current Price and Range**
- **Current Price**: $135.09 USD
- **24h Range**: -7.49
### **Technical Indicators**
- **RSI (Relative Strength Index)**: 34.82, suggesting that SOL is in the oversold zone
- **Moving Averages (MA)**:
- MA(7): $149.38
- MA(25): $142.98
- MA(99): $147.96
### **Trading Volume**
- **24h Volume (SOL)**: 4.52 Million
- **24h Volume (USDT)**: 632.24 millions
### **Forecasts and Outlook**
- **Possible Reversal**: RSI dropping to 34.82 indicates a possible price reversal!
- **PumpFun Activity**: Increased PumpFun app activity could positively influence SOL prices!
- **Support Levels**: SOL could test support levels at $133 or $110, but increased activity could push prices to $162
### **Expectations for October**
- **Psychological Barrier**: Breaking $160 could push SOL to $186 or $200
- **Retracement**: Failure to break $160 could result in a pullback to $138
This data is essential for traders and investors who want to make informed decisions about buying or selling Solana.
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