1. Current price situation
The price is currently around $0.6068, with a slight decline yesterday of about -0.16%.
The daily trading range is narrow, ranging from $0.6066 as the lowest level to $0.6149 as the highest level.
2. Near-term performance
The price is experiencing a slight decline over the week, approximately -5%.
In the past month, the currency has declined by an estimated -11 to -13%, and in the last three months, the decline has exceeded -36%.
3. Critical support and resistance levels
The daily pivot point (P1) is at ≈$0.6023, which is the pivotal price that determines today’s movements approximately.
Support points at:
First support ≈ $0.5844
Second support ≈ $0.5702
Stronger support at ≈ $0.6058 (forms immediate downward barrier)
Immediate resistance highlights near $0.6149 – $0.6150 (daily upper limit).
Breaking this range may push the price towards testing the averages or deeper support levels.
4. Current technical indicators
Overall view shows a neutral to slightly bearish condition, especially since short-term moving averages tend to indicate a relative 'sell'.
Relative Strength Indicators (RSI), if we take them into account, appear to be in a neutral range — not in a clear state of overselling or buying.
This indicates a temporary balance, perhaps with readiness for an upward move if supported by larger trading volume.
5. Analytical vision
"I see that Solayer is now at an important technical crossroads. The price is almost stable around $0.607, observing whether it will confirm support at $0.605-0.606 or break downwards and start a correction to deeper levels.
Positive scenario: If the price maintains the current support area and rebounds with buying pressure towards $0.615, we may see a test of this level once or twice. A clear breakout may push into the range of $0.62 – $0.63.
Negative scenario: If the support at ~ $0.605 is broken by a reliable downward breach, then $0.584 – $0.570 becomes potential correction areas, and the market may see a deeper pullback towards them.
I am anticipating a clear upward movement supported by trading volume to establish a more stable trend than the current neutral state.
🍀Summary:
Item Shortened
Current price ~$0.6068, with slight negative volatility
Immediate support ~$0.605 – $0.606
Immediate resistance ~$0.615
Next support ~$0.584 – $0.570
Market condition Neutral – slight bias towards selling
Your analysis Crystal path: upward rebound or downward break.