Based on the monthly chart (1M) of $SOL /USDT, here’s a detailed technical analysis:

📊 Current Overview

Price: $163.32

24h Range: $162.70 – $171.94

MA(7): $177.62

MA(25): $159.03

Trend: Currently trading below the short-term MA(7) but above the medium-term MA(25), indicating short-term weakness but mid-term support.

🔍 Technical Insights

1. Support & Resistance

Immediate Support: $159 → aligns with MA(25)

Next Strong Support: $116 → previous major swing low

Immediate Resistance: $180 → aligns with MA(7)

Next Resistance: $245 → previous strong rejection zone

If SOL closes this month below $160, it could trigger a deeper retracement toward $120–$130. However, a strong bounce above $180 could signal a potential bullish reversal.

2. Volume Analysis

Volume has dropped compared to the prior bullish months.

This suggests market indecision or cooling momentum, often before a breakout or further correction.

3. Moving Averages

MA(7) > MA(25) earlier indicated bullish strength, but now the price slipping below MA(7) suggests short-term weakness.

The longer-term trend still remains neutral to bullish as long as the price holds above MA(25).

4. Candle Structure (1M)

The last candle is red with a long upper wick — showing selling pressure at higher levels.

If the current candle closes below $160, it confirms a bearish continuation.

If it closes above $175, that would form a bullish recovery signal.

⚖️ Conclusion

Short-term sentiment: Bearish to neutral

Mid-term sentiment: Neutral to bullish (as long as $159 support holds)

Key levels to watch:

🔹 Support → $159 / $116

🔹 Resistance → $180 / $245

🧭 Trading Plan (Not Financial Advice)

Swing traders: Look for long entries near $155–$160 if there’s confirmation (bullish reversal candle + rising volume).

Take profit zones: $180 / $245

Stop loss: Below $150

Would you like me to give a short-term (4H) analysis too for SOL/USDT (to know next few days direction)?

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