Below is a fundamental analysis and guidance for investors:
1. Chart analysis:
• Current price: 256.21 USDT (+2.51%).
• EMA (Exponential Moving Average):
• EMA(7): 256.74 (golden line, price is close to short-term EMA, indicating hesitation in trend).
• EMA(25): 249.76 (pink line, strong medium-term support near 250 USDT).
• EMA(99): 224.30 (purple line, solid long-term support).
• RSI (Relative Strength Index):
• RSI(6): 52.25.
• RSI(12): 54.77.
• RSI(24): 56.97.
=> RSI in neutral zone (50-60), indicating the market shows no signs of overbought or oversold. Price may consolidate or adjust slightly.
• Recent price volatility:
• Highest price in 24h: 272.03 USDT.
• Lowest price in 24h: 249.52 USDT.
=> Likely, the nearest resistance level is 272 USDT, strong support at 250 USDT.
2. Market trend:
• In the 4-hour frame, the price tends to recover after a short adjustment. However, if it cannot break through the resistance of 260-270 USDT, the price may return to test support at 250 USDT.
• Trading volume: Buying volume is dominant (51.62%), indicating positive sentiment but not overwhelming.
3. Guidance for investors:
• Short-term:
• If the price holds above EMA(25) (249.76 USDT), short-term investors may buy around 250-256 USDT with a short-term target of 270 USDT.
• Set a stop-loss order below 245 USDT to minimize risk.
• Medium and long-term:
• If the price adjusts to 220-230 USDT (near EMA(99)), this is a good opportunity to accumulate more for long-term investors, as SOL still maintains a strong growth trend (1-year ROI: +207.61%).
• Important resistance and support:
• Resistance: 260-270 USDT.
• Support: 250 USDT and 224 USDT.
Please pay attention to major news affecting the crypto market to adjust your strategy accordingly. You need to consider risks when investing, especially during volatile periods.