📉 SOL/USDT Daily Analysis — Pullback in Progress, Support Zones in Sight
Solana is currently trading at 174.88 USDT, down -4.36% on the day. After recently peaking at 206.44, SOL is undergoing a healthy correction, now testing key support levels near its EMA cluster.
🔍 Trend & Structure:
- EMA(34): 171.712
- EMA(89): 164.679
- EMA(146): 163.341
- EMA(200): 163.426
Despite the pullback, SOL remains above all major EMAs, indicating the broader uptrend is still intact. Price is approaching the break-even zone at 179.584, which may act as short-term resistance.
📊 Momentum Indicators:
- MACD: Flat (DIF 1.574 ≈ DEA 1.571, MACD 0.003) → momentum neutral
- RSI(6): 50.13 — mid-range, no clear bias
MACD shows a loss of momentum, and RSI near 50 suggests indecision — neither overbought nor oversold.
🔧 Volume & Participation:
- Volume: 28.7M — decent but not accelerating
- MA(5): 22.6M
- MA(10): 20.6M
Volume is steady, but not strong enough to confirm a reversal yet.
📌 Key Levels:
- Resistance: 179.584 → 206.44
- Support: 171.71 (EMA34) → 164.68 (EMA89) → 145.79 (recent low)
If SOL holds above the EMA(34), it may stabilize and attempt a rebound. A break below 164.68 could trigger deeper correction toward 145.79.
---
⚖️ Summary:
- ⚠️ Pullback underway, momentum neutral
- ✅ Trend still bullish above EMAs
- 🔍 Watch RSI and MACD for signs of reversal or continuation
Let price action guide your next move — patience is key in volatile zones. 📊🧠