๐ Key Observations
๐ Trend
The recent trend shows a downtrend from a high of $187.71 to a recent low of $140.21.
The current price is $146.39, indicating a modest rebound, but it's still within a lower high/lower low structure.
๐ Volume
Volume is decreasing slightly on the most recent green candles, which indicates weak buying momentum.
Sellers are still slightly in control with Sell volume at 54.83% (vs. 45.17% Buy).
๐ Moving Averages
MA(5) is below MA(10), showing continued short-term weakness.
Price is hovering around the moving averages, suggesting indecision.
๐งฑ Support/Resistance Levels
Support: $140.21 (recent swing low), then $137.83 (horizontal support).
Resistance: $148.29 and stronger at $158.74.
๐ฎ Next Move Prediction
๐ Likely Scenarios
Sideways/Consolidation near $143โ$148:
Given weak volume and indecisive candles, the most probable short-term move is sideways action.
Bullish Break (Less likely without volume):
A push above $148.29 with strong volume could open room toward $158.
Watch for a daily close above $150 with increasing volume.
Bearish Breakdown (If $140.21 fails):
If SOL breaks below $140.21, expect a drop toward $137.83, possibly testing lower support zones.
โ Conclusion / Actionable Insight
Short-term bias: Neutral to slightly bearish.
Next key move: Likely retest of $140โ$143 support.
Strategy: Wait for breakout (above $150) or breakdown (below $140) before taking a position.
Risk Management: Tight stop-loss if trading short-term due to volatility.
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