SOL Update

Candlestick Chart Analysis

Timeframe: 1 day (1D)

Important price level on 23/01/2025

Opening price: 257.37 USDTHighest price: 258.48 USDTLowest price: 242.19 USDTClosing price: 253.11 USDTPrice fluctuation: -1.65%Price range: 6.33%

***SOL may rise to 180-200 USDT

1.

Breaking the resistance at 150 USDT: This is an important level to overcome to confirm the bullish trend.

2. Technical indicators support:

a. The price must surpass MA(25) = 212.91 USDT to confirm the trend reversal

b. RSI (Relative Strength Index) must stay above 50, ideally above 60-70 to signal strong momentum.

c. MACD crosses above the signal line, giving a buy signal.

***Potential risks

If the level of 140 - 150 USDT is not maintained, SOL may return to the 125 USDT area or lower.

Overall market sentiment also has a strong impact, especially the volatility of Bitcoin and macroeconomic news.

***Note: The market is always volatile and carries high risks. All content is for reference purposes and disclaims all liability.