Technical analysis by RF_Trading about Symbol SOL: Buy recommendation (3/27/2024)

There is no reason to turn bearish on SOL. Price action is now consolidating and ready for the next push. Price is now trading on support (185) and could rebound from here. Even better for the mid-term bullishness would be a test of the 50 and the 100 SMA, which are just below. This would give the tailwind to push through what has been a short-term resistance (195).On the 50 SMA right now. 100 SMA and then 200 loading!