Today's analysis of SOL

$SOL is the SOL/USDT currency on a one-hour interval, and its current price is $224.53.

Let's analyze it step by step:

🔹 Short-term trend

The price has been declining from 237.7 to 217.3 and then started to gradually bounce upwards.

Currently, the price is moving between $220 – $229, which is a consolidation area before taking a new direction.

🔹 Moving averages (MA7, MA25, MA99)

MA7 (225.4) is very close to the current price, indicating that the market is in a state of fluctuation.

MA25 (227.4) is above the current price, suggesting nearby resistance at 227–229.

MA99 (217.3) is below the price, which is strong support if the price returns to decline.

📊 Summary: The short-term trend is still weakly bullish, but the price needs to close above 228–230 to confirm the rise.

🔹 Relative Strength Index (RSI = 47.43)

Close to the midpoint (50), indicating that the market is neither in overbought nor oversold conditions.

If it rises above 55, that would be a potential signal for a new rise; if it falls below 40, it signals weakness.

🔹 MACD indicator

It shows that the blue line (MACD) is still slightly below the pink line (Signal), indicating that the upward momentum has not yet been confirmed.

If the two lines cross upwards, it will be a strong entry signal.

🔹 Important areas

Strong support: 217 – 218

Secondary support: 221

First resistance: 227 – 229

Second resistance: 234 – 238

💡 Short-term trading outlook (scalping or speculation):

✅ Good entry point: at 221–222

🎯 First target: 227

🎯 Second target: 232

❌ Stop loss: