#CryptoTrading.

📊Technical Analysis (1 hour) $SOL /USDT

1. Price and Trend:

• Current Price: ~164.47 USD.

• The chart shows an uptrend with a local high around 171.66 USD, after which a correction to current levels is observed.

• The price is above the 50-day moving average (MA(50)), which indicates an overall bullish trend.

2. Bollinger Bands (20, 2):

• Upper band: 171.81 USD, Middle (MB): 167.55 USD, Lower (DN): 163.28 USD.

• The price is approaching the lower band, which may indicate possible support or a signal for an upward reversal if demand increases.

3. MACD:

• DIF: -0.23, DEA: 0.49, MACD: -0.72.

• The MACD line is below the signal line (DEA) and the histogram is negative, indicating a weak bearish momentum or a correction after the uptrend.

4. Stochastic RSI:

• STOCHRSI: 3.63, MASTOCHRSI: 6.07.

• Both indicators are in the oversold zone (<20), which may signal a possible price rebound if demand returns.

5. Volume:

• Volume is increasing along with the price, confirming the strength of the upward movement. However, the latest candles show a decrease in volume, which may indicate a loss of momentum.

6. Support and resistance levels:

• Support: ~160.63 USD (local low).

• Resistance: ~171.66 USD (recent high).

⚠️Conclusion: Currently, the price of SOL/USDT is in a correction phase after the increase, approaching the lower Bollinger Bands and the oversold zone on the Stochastic RSI. This could be a buying opportunity if the price holds the support at 160.63 USD. However, the decreasing volume and the negative MACD signal caution. It is recommended to watch for a break of the resistance at 171.66 USD to confirm further growth or a drop below 160 USD for a bearish scenario.