#CryptoTrading. #Signal🚥.
📊Technical Analysis (1 hour) $SOL /USDT
1. Price and Trend: The current price is 197.49 USD, which is below the recent high (206.44 USD). The chart shows a correction after an increase, with a potential downtrend in the short term.
2. Bollinger Bands (20, 2): The price is approaching the lower limit (197.39 USD), which may indicate oversold conditions or a possible rebound. The middle line (201.51 USD) serves as a resistance level.
3. MACD: The divergence (DIF: 0.14, DEA: 1.01, MACD: -0.88) is negative, confirming the bearish momentum. A MACD crossing below DEA may signal further declines.
4. Stochastic RSI: The value (1.12, MASTOCHRSI: 1.12) is close to the lower limit, which also indicates oversold, but without a clear signal of a reversal.
5. Volumes: Volumes (1.262 million) have decreased slightly, which may indicate a decrease in interest in the asset at the current level.
⚠️Conclusion: Currently, there are signs of a possible rebound from the lower limit of the Bollinger Bands or a continuation of the correction if the resistance at 201.51 USD is not broken. It is recommended to monitor volume changes and confirmation of a reversal from Stochastic RSI or MACD.