📉 $SOL
/USDT Monthly Chart Analysis
Current Price: $161.37
24h Change: -1.64%
24h High / Low: $164.94 / $155.83
Volume: 2.35M SOL / $375.78M USDT
Moving Averages:
MA(7): $152.16 (short-term bullish)
MA(25): $138.27
Price is currently above both MA(7) and MA(25), indicating potential short-term upward pressure.
🔍 Technical Overview (1M Timeframe)
Trend: Recent monthly candles show high volatility with long wicks, signaling indecision in the market.
Support: $155.00 is a key support zone.
Resistance: Around $183.58 (near previous local highs).
Bottomed Out?: Strong bounce from $120–130 area suggests a potential bottoming formation, but no clear reversal confirmation yet.
✅ Trade Idea (Short-Term Swing)
Entry: $158–161 (current level)
Target 1: $183
Target 2: $200
Stop-Loss: $148
⚠️ Note: Watch for volume confirmation and strength above the $183 resistance zone for continuation. If it fails to break, expect consolidation or pullback.
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