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$ZKP
hay what about 200m coin release everyday.how this will effect the price?
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Victortain
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agreed.
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Congrates bro I analyzed the same. lets watch.
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#solana SOL/USDT Technical Analysis (4H Timeframe): The chart displays a clear downtrend in the short to medium term, indicated by the price movement and the relationship between the Moving Averages. 💰 Price Action and Trend Current Price: 162.20 USDT. 24h Change: A significant drop of -7.62%, confirming strong selling pressure. Recent Movement: The price has experienced a sharp decline over the last few 4-hour candles, breaking below previous support levels. It appears to be attempting a minor bounce at the last visible low (around 155.87 USDT, which is the 24h Low). Key Levels: 24h High: 176.95 USDT 24h Low: 155.87 USDT Immediate Resistance: The region around the recent support break (approximately 170 USDT) and the MA(50) at 186.59 USDT. The long-term Moving Averages are positioned in a classic bearish setup (Death Cross territory): Conclusion: The MAs act as major dynamic resistance levels for any upward move. The MA(50) at $186.59 will be the first significant hurdle for bulls. Volume and Momentum Indicators (RSI) Volume: The recent sharp drop has been accompanied by increased selling volume (red bars in the volume section), supporting the bearish move. Summary and Potential Scenarios The overall sentiment based on the 4-hour chart is Strongly Bearish. Bearish Case (Continuation): If the price fails to hold the 24h Low of 155.87 USDT and the low volume support in that region, the next significant drop could ensue. Bullish Case (Short-Term Rebound): Due to the RSI(14) being nearly oversold, a short-term dead-cat bounce or minor reversal could occur, targeting the first resistance levels, possibly around 170 USDT or the lower MAs. A true trend reversal would require a reclaim of the MA(50) at $186.59. Disclaimer: This is a technical analysis based only on the provided image and is not financial advice. Would you like me to search for fundamental news or analyst opinions on Solana (SOL) to complement this technical overview?
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I voted 4 u.💯
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in Pakistan facilities like corruption/money laundring/fraud/corporate scames are only allowed to some politicians/beurocrates and Genrals.
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