#CPIWatch The 15-minute chart for SOL/USDT shows that the price is currently trading at $162.33, after a slight rebound from its low of $161.67. The overall trend remains bearish, as the price is below the moving averages MA20 (162.77) and MA50 (164.49), indicating ongoing selling pressure. The RSI indicators (14) and (6) are at levels 40.77 and 45.88 respectively, reflecting weak upward momentum.
The MACD indicator shows a slight positive crossover, but it is still in the negative zone, suggesting that the current rebound may only be corrective. The StochRSI indicator also shows some upward momentum, but it has not confirmed a strong breakout yet.
Overall, the price needs to clearly break above $164.50 (MA50) to confirm a change in trend. However, if support at $161.60 is broken, we may see further declines towards $160.
