#solana SOL/USDT Intraday Analysis

Current Price: $146.2 (+1.69%)

Support Levels:

• 142.5 (24h Low)

• 143.1 (EMA21 Moving Average)

Resistance Levels:

• 147.73 (24h High)

• 149.3 (EMA89 Moving Average)

Short-term Trend: Neutral to Bullish, beware of selling pressure at high levels.

• Bullish Signals: Price stabilizes above the EMA21 Moving Average, RSI indicator gently rising at the midpoint.

• Bearish Risks: MACD indicator shows a death cross and is in the negative zone, market volume has not significantly increased.

Trading Strategy:

1. Break above 147.7: Try to go long with a light position, targeting the 149.3 resistance level.

2. Break below 143.1: Suggest to exit short-term and pay attention to the 142.5 support level below.

The current moving average system is in a consolidation phase; if it can continue to hold above the EMA21 Moving Average, a rebound may continue; conversely, if it breaks down, it may turn into a choppy pattern.

The market is neither interesting nor exciting, just watching the commotion haha #solana