📉 SOL/USDT Post-PPI Analysis — Pullback Deepens, Testing Support Zones
Solana is currently trading at 192.82 USDT, down -4.89% on the day. The drop follows hotter-than-expected U.S. PPI data, which triggered broad selling across crypto markets. SOL is now pulling back from its recent high of 209.86, testing key support levels.
🔍 Trend Structure:
- EMA(34): ~174
- EMA(89): ~166
- EMA(200): ~164
SOL remains above all major EMAs, indicating the long-term trend is still bullish. However, the short-term rejection from 209.86 and the current drop below 195 suggest caution.
📊 Momentum Indicators:
- MACD: Likely weakening — watch for bearish crossover
- RSI: Near 50 — neutral zone
RSI near 50 shows indecision. If it drops below 45, it could signal further downside. MACD flattening suggests momentum is fading.
🔧 Volume:
- Volume bars show increased activity during the selloff — confirming bearish pressure
📌 Key Levels:
- Resistance: 200 → 209.86
- Support: 185 → 174 (EMA34) → 166 (EMA89)
If SOL holds above 185, it may stabilize and attempt a rebound. A break below 174 could trigger deeper correction toward 166–160.
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⚖️ Summary:
- ⚠️ PPI shock triggered short-term selloff
- ✅ Long-term trend still bullish above EMA(200)
- 🔍 Watch RSI and MACD for signs of reversal or breakdown
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