$SOL Title: SOL/USDT Technical Outlook – Bearish Bias Below MA(99)

Timeframe: 1H | Trend Analysis

Currently, SOL is trading at $147.59, which places it below the 99-period Moving Average ($149.63) – a key indicator of long-term trend direction. This suggests that the market is still in a bearish zone.

Moving Average Overview:

MA(7): $147.83 (short-term)

MA(25): $148.71 (mid-term)

MA(99): $149.63 (long-term)

The price is also below both MA(7) and MA(25), indicating short-term selling pressure and a lack of bullish momentum.

MACD Insight:

The MACD line is below the signal line.

Histogram is flat and near zero.

No strong bullish crossover has occurred yet.

Candle Structure: Price action shows a phase of sideways consolidation, with no significant bullish candlestick confirmation.

Conclusion: As long as SOL trades below MA(99) with weak MACD and flat momentum, the trend remains bearish. I would personally wait for a clean breakout above $149.63 before considering any long positions.

Strategy:

Sell on rise OR Wait for breakout confirmation above MA(99) with volume.