$SOL
Key Indicators and Observations:
1. Price Level: Currently at $144.62, close to the MA(7) = $146.86 and MA(25) = $141.13 — showing consolidation.
2. Moving Averages:
MA(7) is starting to cross below MA(25) — short-term weakness.
Price is below MA(99) = $152.53, indicating bearish pressure in the mid-term.
3. MACD:
DIF = 4.13, DEA = 4.82, MACD Histogram = -0.69: Bearish crossover forming.
4. RSI (6): 43.98 — near the neutral zone, but heading downward, suggesting weakening momentum.
Conclusion:
Bias: Short
Momentum is weakening.
MACD and RSI both point toward bearish divergence.
If price breaks below MA(25) = $141.13, downside toward $130 or $116 is possible.
Strategy Suggestion:
Short Entry: On a confirmed breakdown below $141.
Stop Loss: Above recent high ~$148.
Target: $130 or lower.
