โก $SOL /USDT โ 1H Technical Breakdown
Current Price: $152.91
24H Change: -2.92% ๐
๐ Trend Summary:
SOL/USDT pulled back after reaching $158.80, with short-term momentum shifting bearish. The price is currently hovering near its MA50, showing signs of hesitation as buyers attempt to defend key support levels.
๐ Moving Averages:
โข MA 20: $154.81 โ now acting as near-term resistance.
โข MA 50: $153.12 โ price hovering right around this level, trying to hold support.
โข MA 99: $149.43 โ key lower support level if current zone breaks.
๐ง Key Observations:
โข Volume slightly increased during the recent selloff โ suggesting stronger seller presence.
โข Bulls need to reclaim MA20 to regain control.
โข Price currently stuck between MA50 and MA99, indicating indecision.
๐ฉ TL;DR:
Trend: Short-term pullback with neutral-to-bearish bias
Resistance Zones: $154.81 โ $156.32
Support Zones: $153.12 โ $149.43
Breakout Watch: Needs strong recovery above $154.81 to shift back bullish.
๐ก Recommendations / Suggestions:
โข Aggressive entries may watch for reclaim of $154.81 before considering long positions.
โข Safer buy zones could develop closer to $149.50 if price dips further.
โข Failure to hold $149.43 may trigger deeper downside moves.
โ ๏ธ DYOR โ Do Your Own Research. This is not financial advice. Always trade responsibly and manage risk carefully.
