📉 SOL/USDT Post-PPI Analysis — Sharp Drop, Testing EMA Support
Solana is currently trading at 191.47 USDT, down -5.23% on the 4H chart. The decline follows hotter-than-expected U.S. PPI data, which triggered broad selling across crypto assets.
🔍 Trend Structure:
- EMA(34): 188.48
- EMA(89): 180.90
- EMA(146): 177.80
- EMA(200): 175.33
SOL remains above long-term EMAs, but the sharp rejection from 210.10 and break below the break-even price of 205.16 signal short-term weakness.
📊 Momentum Indicators:
- MACD: Slightly bullish (DIF 6.15 > DEA 5.87, MACD 0.28)
- RSI(6): 35.81 — nearing oversold territory
MACD is still positive, but momentum is fading. RSI near 35 suggests SOL may be oversold — a bounce could occur if buyers defend the EMA(89) zone.
🔧 Volume & Participation:
- Volume: 12.64M — spiked during the selloff
- MA(5): 7.94M
- MA(10): 8.34M
Volume confirms strong selling pressure. Watch for volume divergence or stabilization near support.
📌 Key Levels:
- Resistance: 205.16 → 210.10
- Support: 180.90 → 175.33 → 170.00
If SOL holds above 180.90, the bullish structure remains intact. A break below 175 could trigger deeper correction toward 170.
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⚖️ Summary:
- ⚠️ PPI shock triggered short-term selloff
- ✅ Long-term trend still bullish above EMA(200)
- 🔍 Watch RSI and volume for reversal signals
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