Current situation
- Price: $149.91 (-1.45% over the last 24 hours).
- Range over 24h: $148.37 – $152.73.
- Volumes:
- 2.51 million SOL (≈ $377.18 million in USDT equivalent).
Key observations
1. Correction: The price decreased by 1.45%, which may be part of a local correction after a rise or a reaction to the overall market situation.
2. Support/Resistance:
- Support: $148.37 (24h low).
- Resistance: $152.73 (24h high).
3. Volumes: High trading volume (377 million USDT) indicates activity, but a price decrease at such volume may signal selling.
Recommendations
- Short term (scalping/day trading):
- If the price holds the level of $148.5–$149, a bounce to $151–$152 is possible.
- Closing below $148 may lead to testing $145.
- Medium term (swing trading):
- Expect confirmation of the trend: a rise above $153 is a buy signal, a drop below $147 is a caution signal.
Risks
- Overall volatility of the crypto market (e.g., influence of BTC).
- Low liquidity in certain time intervals.
Conclusion: Watch the price reaction at key levels ($148 and $153) to determine further movement.
The analysis is relevant at the time of reading. Check current data before trading.
