📊 SOL/USDT Analysis - A Recovery Attempt?
Solana (SOL) is up slightly by +2.72%, trading at 200.59 USDT. However, it still faces resistance to a stronger recovery.
📈 Important points on the chart:
🔹 Strong resistance: 203.42 USDT (needs to break to confirm bullishness)
🔹 Recent support: 187.39 USDT (held at the low of the last 24h)
🔹 Moving averages:
❌ MA(7) at 203.43 USDT – Above the current price, acting as resistance
❌ MA(25) at 227.04 USDT – Still below the short-term average
❌ MA(99) at 215.40 USDT – Medium-term trend still in correction
📊 Volume in the last 24h: 798.02 million USDT, indicating an increase in interest, but without a large burst of purchases.
💡 Possible scenario:
✅ If it breaks 203.42 USDT, it could reach 215 - 220 USDT
❌ If it loses 187 USDT, it could fall to 175 - 168 USDT
🚀 Will Solana be able to gain strength and resume its rise?
