📊 SOL Current Market Trend Analysis
💰 Current Price: $183.14
📉 Short-Term Performance: -0.29% over 1 hour, -3.62% over 24 hours
📈 Weekly Performance: +4.56% over 7 days
💎 Market Cap: $98.9 Billion, 24-hour Trading Volume: $6.33 Billion
🔍 Technical Analysis:
Price is below all EMA moving averages, short-term trend is weak
RSI is at 43.78, in a neutral to weak zone
Super Trend Indicator shows bearish signals, key resistance level at $186.56
Support found around the middle Bollinger Band at $182.47
📰 Positive Fundamentals:
Circle issued 1.25 Billion USDC on Solana in the past 7 days 🚀
About 50% of USDC transfers are conducted on the Solana network
Coinbase launched SOL perpetual futures, offering 5x leverage
Jupiter introduced a new token sending feature
⚡ Trading Suggestions:
In the short term, pay attention to the support area of $181-182; caution is needed if it breaks below. Resistance above at $186.56, look towards $190 after a breakout. Overall still in an adjustment phase, it is suggested to gradually accumulate on dips.
