#CryptoTrading. #Signal🚥.
📊 $SOL /USDT technical analysis (1 hour)
1. Price and trend: The price has fallen from 151.17 to 148.40, but shows signs of a possible rebound (rising to 152.72 at the time of update). The trend looks corrective after the previous decline.
2. Bollinger Bands: The price has approached the middle line (147.42), which may indicate stabilization. The width of the bands is decreasing, signaling a possible consolidation.
3. MACD: The MACD line is above the signal line (0.18), which is a bullish signal, although the difference (DIF) is small (0.10), indicating weak dynamics.
4. Stochastic RSI: The indicator 94.01 indicates overbought conditions, which may indicate a correction or reversal.
5. Volumes: The increase in volumes (232 116.62) during the last upward move supports the bullish momentum.
⚠️Conclusion: In the short term, an increase to the resistance level of 150-152 is possible, but overbought and weak MACD dynamics require caution. It is recommended to watch the level of 145.11 as support.