๐ $SOL Current Technical Analysis
Price: $146.97
Change (24h): -3.47%
Volume: Moderate
Timeframe: 4H
๐ Indicators:
EMA Trends:
EMA(7): 148.70 (short-term)
EMA(25): 150.04 (medium-term)
EMA(99): 148.44 (long-term)
โ Bearish crossover: Price is trading below all EMAs, suggesting short-term weakness.
RSI (6): 29.36
โ๏ธOversold zone (<30) โ potential short-term bounce incoming.
MACD:
MACD Line (-0.78) is below Signal Line (0.35)
Divergence is negative: indicates bearish momentum still present.
Volume: Decreasing slightly after spike โ no clear breakout volume.
Support Levels:
Closest support: ~$145.22 (24h Low)
Previous bounce: $126 (historical support)
Resistance Levels:
$150.04 (EMA25)
$153.88 (24h High)
$159.99 (recent peak)
๐ง Interpretation:
Bearish bias currently โ confirmed by EMA crossovers and MACD.
RSI below 30 shows the asset is oversold, so a bounce is possible, but risky until reversal signs appear.
No bullish confirmation yet โ wait for bullish candle + MACD crossover or RSI reversal.
โ Recommendation (Not Financial Advice):
StrategyRecommendationShort-Term Tradeโ ๏ธ Wait. Donโt buy yet. Let price reclaim above EMA(7) and break $150 with volume.Buy the Dip (Swing)โ Possible Buy Zone: $140โ145 (if strong support holds). Place tight stop-loss below $140.Long-Term Investor (HODL)๐ข Can start accumulating slowly โ but ideally add more if it drops to $135โ138 or breaks out above $153 with volume.