📉 SOL/USDT Post-PPI Analysis — Pullback Continues, Testing EMA Support
Solana is currently trading at 184.91 USDT, down -3.98% on the day. The decline follows hotter-than-expected U.S. PPI data, which triggered selling pressure across crypto markets. SOL is now pulling back from its recent high of 209.86, testing key support zones.
🔍 Trend Structure:
- EMA(34): 176.11
- EMA(89): 167.14
- EMA(146): 164.97
- EMA(200): 164.64
SOL remains above all major EMAs, confirming a bullish long-term trend. However, the short-term rejection suggests caution as price approaches the EMA(34) zone.
📊 Momentum Indicators:
- MACD: Bullish (DIF 4.88 > DEA 3.30, MACD 1.58)
- RSI(6): 51.58 — neutral zone
MACD shows momentum is still positive, but RSI near 50 suggests indecision. A drop below 45 could signal further downside.
🔧 Volume & Participation:
- Volume: 4.29B — elevated, confirming active trading
- MA(5): 5.88B
- MA(10): 4.54B
Volume remains strong, supporting the current price level. Watch for divergence or spikes to signal a reversal.
📌 Key Levels:
- Resistance: 190 → 209.86
- Support: 176.11 (EMA34) → 167.14 (EMA89) → 164.64 (EMA200)
If SOL holds above 176, the bullish structure remains intact. A break below 167 could trigger deeper correction toward 160–150.
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⚖️ Summary:
- ⚠️ PPI shock triggered short-term pullback
- ✅ Long-term trend still bullish above EMA(200)
- 🔍 Watch RSI and MACD for signs of reversal or breakdown
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