$SOL

#SOL Positive bullish momentum 📈

target can hit $ 158.00 🎯

The last candlestick pattern in the image is a bullish engulfing pattern, which is a strong bullish reversal signal. The pattern consists of two candlesticks: a small bearish candlestick followed by a larger bullish candlestick that completely engulfs the previous candlestick.

Bullish Engulfing Pattern:

The first candlestick is a small bearish candlestick with a low of 155.46 and a high of 156.86.

The second candlestick is a larger bullish candlestick with a low of 155.52 and a high of 159.34.

The bullish candlestick completely engulfs the previous bearish candlestick, indicating a strong bullish reversal signal.

Momentum Signal:

The momentum signal is bullish, indicating that the price is likely to continue rising.

The Relative Strength Index (RSI) is not visible in the image, but the Moving Average Convergence Divergence (MACD) indicator is showing a bullish crossover, which is a strong bullish signal.

The price is above the 7-day and 25-day moving averages, indicating a short-term uptrend.

The price is also above the 99-day moving average, indicating a long-term uptrend.

Conclusion:

The last candlestick pattern in the image is a bullish engulfing pattern, which is a strong bullish reversal signal. The momentum signal is also bullish, indicating that the price is likely to continue rising. Therefore, the analysis suggests that the SOL/USDT pair is likely to experience a bullish momentum in the short term.#INDIANstock