Update $SOL
Last peak: 213.6 → rejected from it and went down
Moving Averages:
MA(7) = 207.2 (above the price) → short-term selling pressure
MA(25) = 203.5 (very close to the price) → first support
MA(99) = 200.1 → stronger support if a downward break occurs
📊 Indicators:
RSI (6) = 41 → below 50 → downward trend, has lost upward momentum
Stoch RSI = 11.8 → entered a strong oversold area → possible near-term rebound
MACD = -0.43 with a negative crossover (DIF < DEA) → there is still downward pressure, but the bottom might be near
📌 Interpretation:
Short-term trend: Downward after rejection from 213.6
We have an important support area around 203 – 200
If it breaks 200 with a strong candle → it opens the way for levels 196 – 190
If it holds above 203/200 with RSI rebound → it might retest 208 → 210
⚠️ Summary:
Now the market is in a critical area between 200–203
Breaking below it = continuation of decline
