$SOL /USDT 1hr Analysis
1-hour technical analysis of $SOL /USDT
Current Overview
Price: $170.48
24h Change: +2.14%
24h High / Low: $176.77 / $164.36
Volume (24h): 2.44M SOL
Moving Averages (MA)
MA(7): $173.39 (short-term resistance now)
MA(25): $169.67 (acting as short-term support)
MA(99): $170.72 (key resistance zone)
Analysis:
Price was recently rejected near the 173–176 zone, which aligns with the 7 MA and previous resistance.
A short-term bullish crossover between MA(25) and MA(99) was forming, but the latest red candle threatens that move.
Candlestick Behavior
Price broke out from $164.01 bottom (recent local low).
A strong bullish breakout occurred but was immediately followed by a sharp pullback, suggesting profit-taking or a bull trap near $176.
Long upper wick on the last green candle suggests strong selling pressure near $176.
Volume
Recent volume spike shows strong activity, confirming the breakout attempt.
However, the red volume bar matching the breakout’s size implies seller strength re-entering.
Support & Resistance
Immediate Support: $169.50 (MA25)
Stronger Support: $166.70
Immediate Resistance: $173.50 (MA7), then $176.77
Key Zone: $170.50–$173.50 – a critical zone that could determine short-term trend direction.
1-Hour Outlook Summary
Bias: Neutral to Bearish (short term) unless SOL can reclaim $173.
Scenarios:
Bullish: A quick reclaim of $173+ with volume could set up a retest of $176–$178.
Bearish: If it stays under $170.50 and MA(99), likely pullback to $166.70 or $164.00.