#SOL $SOL Follow and like to receive recommendations always

Technical analysis for SOL/USDT currency 4-hour frame

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🔍 Technical Analysis:

1. Current price: 172.76 USD

Strong increase of +5.48% over 24 hours.

2. Moving Averages:

EMA 7 = 168.88 (Yellow)

EMA 25 = 167.00 (Pink)

EMA 99 = 171.91 (Purple)

The price is currently above all moving averages, which is a positive signal indicating the beginning of a short to medium-term upward trend.

3. MACD Indicator:

The blue line (MACD) has crossed the yellow line (signal) upwards = strong buy signal.

The difference between the two lines has started to widen = upward momentum is increasing.

4. RSI Indicator (Relative Strength Index):

RSI at 72.97 = in the overbought area, but it has not given a reversal signal yet.

A slight correction is possible, but the momentum is still positive.

5. Candlestick Pattern:

Clear bullish candles with good trading volume.

Breaking the previous peak at 172.80 may lead to a breakout towards higher levels.

6. Trading Volume:

Trading volume is high, supporting the upward trend.

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✅ Recommendation:

Buy Entry:

The current price is suitable for buying if the resistance level of 175.7$ is broken.

First target: 180.81 USDT

Second target: 188.00 USDT (if momentum continues)

Stop Loss: 165.00 USDT (previous low)

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⚠️ Notes:

Monitor the area 175.7$ as it represents a strong previous resistance.

RSI is in the overbought area, so it is advisable to manage risks well and not enter with all capital at once.