SOL Price Tests Rising Support

SOL remains inside an ascending wedge, with rising support near $115 and resistance extending toward the 128-130 region. RSI is heading towards oversold levels at 52, and the MACD is negative, indicating a loss of short-term strength. Earlier volume surges accompanied major rallies, while recent activity has moderated as price consolidates near rising support. Higher volumes have been seen with big rallies, but recent volume activity has been on a more even keel as price clears near rising support. Ascending Wedge Defines the Structure More Crypto Online identifies an ascending wedge forming on the daily chart.

Also reported by ETHNews.

Source: CryptoNewsLand