SOL/USDT
Technical Analysis (1D)
- June 20
📌 Current Price: 148.14 USDT
📌 Volume (24h): 907,682 SOL
📌 Average Volatility: 5.84%
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📊 Key Indicators
- RSI (14): 43.40 (Neutral, tending to weakness)
- MFI (14): 54.58 (Neutral, slight accumulation)
- CCI (14): -66.10 (Weakness, but not extremely oversold)
- BBands (20,2): Price near the lower band (possible rebound or bearish continuation).
- ATR: 8.21 USDT (Moderate volatility).
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🔍 Trends and Signals
- SMA (50): Price below (🔴 Key resistance at ~152.16 USDT).
- MOM (10): Negative (Bearish momentum).
- MACD: Bearish crossover (🔴 Sell signal).
- ADX: Weak bearish trend (25-30 would be more significant).
- Parabolic SAR: Above the price (🔴 Bearish confirmation).
- TD Sequential: Bearish count 2/9 (In development).
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🎯 Likely Scenarios
1. Technical Rebound: If the price respects the lower band of BBands and the RSI rises, it could target SMA(50) as resistance.
- TP1: 152.16 USDT (SMA 50).
- TP2: 155.25 USDT (Previous resistance).
- SL: 144.30 USDT (Daily low).
2. Bearish Continuation: If volume increases and RSI remains low, possible drop towards:
- Target: 140.82 USDT (Strong support).
- SL: 152.16 USDT (Above SMA 50).
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⚠ Risks and Observations
- Low volume vs. average: Lack of conviction in current trend.
- RSI without divergence: No immediate reversal signals.
- General context: Crypto market in "wait & see" mode (macro/BTC influencing).
🔹 Strategy: Wait for confirmation of breakout (above 152.16) or collapse (below 144.30) to enter with defined SL.
📌 Note: Monitor BTC and Solana news (upgrades, adoption).
Not financial advice. 🚀
Remember:
Cryptocurrency trading involves a high risk. (DYOR)
vc_custy
🫖☕️😎