๐Ÿ” $SOL Current Technical Analysis

Price: $146.97

Change (24h): -3.47%

Volume: Moderate

Timeframe: 4H

๐Ÿ“Š Indicators:

EMA Trends:

EMA(7): 148.70 (short-term)

EMA(25): 150.04 (medium-term)

EMA(99): 148.44 (long-term)

โœ… Bearish crossover: Price is trading below all EMAs, suggesting short-term weakness.

RSI (6): 29.36

โ—๏ธOversold 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)

๐Ÿง  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.

โœ… Recommendation (Not Financial Advice):

StrategyRecommendationShort-Term Tradeโš ๏ธ Wait. Donโ€™t buy yet. Let price reclaim above EMA(7) and break $150 with volume.Buy the Dip (Swing)โœ… Possible Buy Zone: $140โ€“145 (if strong support holds). Place tight stop-loss below $140.Long-Term Investor (HODL)๐ŸŸข Can start accumulating slowly โ€” but ideally add more if it drops to $135โ€“138 or breaks out above $153 with volume.