SOL Technical Analysis Feb 28
The post SOL Technical Analysis Feb 28 appeared on BitcoinEthereumNews.com.
SOL is experiencing horizontal consolidation at the 82.17 dollar level, and both scenarios are possible due to the downtrend and bullish signals in MACD. Critical support and resistance levels stand out as key points that will determine the market direction. Current Market Situation SOL is trading at 82.17 dollars with a slight 0.60% increase over the last 24 hours. The daily range was between 77.12 – 82.91 dollars, while trading volume is at relatively healthy levels of 4.42 billion dollars. Although the overall trend is downward, RSI at 40.16 is approaching the oversold region, and the MACD histogram shows positive momentum. The price is not above the short-term EMA20 (86.37 dollars), indicating short-term bearish pressure. The Supertrend indicator is giving a bearish signal, and the 99.28 dollar resistance forms a strong barrier. In multi-timeframe (MTF) analysis, a total of 9 strong levels were identified on the 1D, 3D, and 1W charts: 1 support/2 resistance on 1D, 1 support/1 resistance on 3D, 2 support/3 resistance on 1W. Critical support at 78.2567 dollars (strength score: 67/100), resistances at 84.9839 dollars (68/100) and 108.1200 dollars (64/100). These levels will serve as triggers for the scenarios. Scenario 1: Bullish Scenario How Does This Scenario Occur? For the bullish scenario, a clear break above the 84.9839 dollar resistance is required first. This breakout should be confirmed by increased volume and RSI rising above 50. The positive MACD histogram supports momentum; if the price surpasses EMA20 (86.37 dollars), it signals a short-term trend reversal. The Supertrend flipping from bearish (around 99.28 dollars) and a strong bullish close on the 1D candle strengthen the scenario. Breaking 1W resistances in MTF could trigger a broader rally. This scenario becomes realistic with improving overall market sentiment, such as an altcoin rally or ecosystem news. Invalidation of the scenario: If…
Filed under: News - @ February 28, 2026 8:16 pm