Weekly Update – SOL/USDT (1W)
Current price: $166.54
Market bias: Ongoing recovery after a strong drop
Focus: Confirm formed bottom and observe key resistance
Technical Summary:
MA(7): 153.03 | MA(25): 174.12 | MA(99): 128.19
RSI(6): 58.20 — Shows healthy recovery, still without overbought conditions.
STOCH RSI: 96.52 — Overbought region, possible pause in the short term.
Recent bottom: $95.26, respected MA(99) as dynamic long-term support.
The price has surpassed MA(7), is testing MA(25), and aims at the $175–$180 region to break resistance.
Possible Scenario:
SOL seems to have confirmed a bottom at $95 and started a recovery. The trend is now short-term bullish, but the zone between $170–$180 will be a decisive test for continuity.
Zones of Interest:
Golden Line (MA99): $128 — Excellent support for spot purchases in case of new correction.
Current resistance zone: $174–$180
Above $180: Could target $210 and even $250, if the momentum is maintained.
Conclusion:
SOL seems to have come off the bottom and started a reversal. The trend is leaning towards bullish, but the price still needs to break the resistance of MA(25) with volume. Stay alert for possible pullbacks in the $150–$155 zone, which could be strategic points for accumulation in spot.
Disclaimer (EN):
This analysis is for educational purposes only and does not constitute a recommendation to buy or sell. The cryptocurrency market is volatile. Always conduct your own analysis and use proper risk management.
