Coin - $SOL
Signal - SHORT ( short term)
Solana (SOL) is currently consolidating within a tight range between $160 and $185, with price action now sitting below the 50-length moving average. This suggests a slight bearish tilt in the short term, and with ongoing downward pressure, SOL could dip to the $162–$165 zone today. Traders holding long positions should stay cautious. While the MACD is showing early signs of a potential bullish shift, nothing is confirmed yet. Patience is key—wait for a clear signal before making moves. The Point of Control (POC) at $141.42 remains a critical level to watch if the price continues to slide.
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USDT Dominance (USDT.D) has been rejected from its trend resistance, signaling a potential shift in market sentiment. As money flows out of stablecoins and into other cryptocurrencies, this indicates growing risk appetite among investors. With USDT.D potentially heading down to 3.71%, it's a strong sign that capital is rotating back into the market. This presents a favorable opportunity to consider spot entries and opening long positions, as altcoins and Bitcoin could see a notable upside in the coming sessions.
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