SOL/USDT – Daily Timeframe Update
Price: $146.91 (-0.75% in 24h)
Technical Analysis:
• After reaching a local high of $157.24, the price is undergoing a sideways correction.
• SOL is trading above key short-term moving averages:
• MA(7): $148.73
• MA(25): $133.67
• The major resistance is the MA(99) at $157.75, which the price has yet to break.
• MACD remains positive (0.755), though the bullish momentum is weakening.
• RSI(6): 58.6 — indicating fading buying pressure, but not yet a reversal.
• Volume is moderate, suggesting that the market is in a wait-and-see phase.
Conclusion:
SOL is maintaining its bullish structure despite the current pullback. As long as the price stays above the $133–135 range, the bullish scenario remains valid. The key resistance zone is $157–159, and a breakout above it could pave the way to $182.
