$SOL Deep Analysis of SOL/USDT (15m Timeframe) 🔥

📌 Current Market Data:

Current Price: $173.81 (-2.48%)

24h High: $180.52

24h Low: $167.15

24h Volume:

SOL: 3.77M

USDT: 650.41M

📊 Technical Indicators:

1️⃣ Support & Resistance Levels:

✅ Support Levels:

$167.15 – Strong recent support level

$166.48 – Next key level if price drops further

✅ Resistance Levels:

$175.31 – Immediate resistance level

$180.52 – Major resistance (recent high)

$181.19 – Critical breakout level

2️⃣ Moving Averages (MA):

📈 MA (5): 14,136.798 – Short-term trend indicator

📉 MA (10): 14,895.435 – Medium-term trend indicator

➡️ Analysis:

MA(5) < MA(10) = Short-term bearish trend 📉

Price is below both MAs, indicating weak momentum

3️⃣ Volume & Market Interest:

📉 Volume: 12,264.074 (declining)

📉 On-Balance Volume (OBV): -1,355,912.69 (negative, indicating strong selling pressure)

➡️ Analysis:

Decreasing volume = Lack of strong buying interest 📉

Negative OBV = Selling pressure is dominating

📈 Trend Analysis:

✅ Recent Trend:

Price peaked at $180.52, followed by a sharp drop to $167.15

Currently, the price is recovering but facing resistance near $175.31

Short-term trend remains bearish unless price breaks above resistance

📉 Short vs. 📈 Long Position:

🔴 Short Position (Bearish Bias):

Selling pressure is high (negative OBV)

Price struggling to hold above $173.81

MA(5) below MA(10), indicating downward momentum

🟢 Long Position (Bullish Bias):

If price breaks above $175.31 with volume, bullish momentum can return

Needs a breakout above $180.52 for a strong rally

🔮 Final Verdict:

📌 Current Bias: Bearish (Short) ⛔

📌 Entry for Short: Near $174-$175, Stop-loss $178

📌 Entry for Long: Above $180.52, Stop-loss $175

📌 Next Target (Short): $169 - $167

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