$SOL

📈 Analysis of Solana (SOL) Price for March 5, 2025 📉

🔍 Overview:

• Current Resistance: $145.09

• Current Support: $130.68

💡 Important Notes:

• The trading day started with a slight upward movement, but the price faced resistance at $145.09. 

• A death cross formed on the MACD indicator at 00:30 UTC, leading to a downward channel. 

• The Relative Strength Index (RSI) showed overbought conditions at 1:45 UTC, causing the price to drop. 

• A golden cross formed at 2:35 UTC, indicating potential upward movement, but the downward channel continued. 

• At 6:20 UTC, another death cross on the MACD pushed the price lower. 

• A golden cross formed at 16:05 UTC, leading to a brief upward movement, but the price found support at $130.68. 

• Another golden cross formed at 16:55 UTC, indicating the start of an upward trend, resulting in overbought conditions at 19:00 UTC. 

• This pushed the price towards resistance, with another overbought signal at 21:25 UTC, helping the price to break out. 

• Solana reached a daily high of $147 but struggled to maintain the breakout. 

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