Hereโs a technical analysis for SOL/USDT chart:
SOL/USDT Technical Analysis โ 4H Chart Update
๐น Current Price: $141.97 (+4.34%)
๐น 24H High/Low: $147.00 / $130.66
๐น Volume: 8.86M SOL
๐ Trend Analysis:
SOL/USDT recently faced a sharp rejection from $179.85, triggering a strong pullback. The price is currently struggling to regain momentum after finding support around $134.78.
๐ Moving Averages & Indicators:
โ EMA (7): $142.51 (short-term resistance)
โ EMA (25): $145.93 (mid-term resistance)
โ EMA (99): $158.19 (major resistance level)
๐ก Key Levels to Watch:
๐ธ Support: $134.78 โ $125.55
๐ธ Resistance: $146.73 โ $158.67
๐ Bearish Signs:
Price is trading below the 25 EMA, suggesting short-term bearish pressure.
A breakdown below $134.78 could push SOL towards $130.00 support.
๐ Bullish Signs:
A breakout above $146.73 could open the doors for a retest of $158.67.
If SOL holds above $140, we might see bullish momentum building.
๐ Conclusion:
SOL needs to break key resistance levels to resume its upward trend. A move above $146.73 would confirm bullish momentum, while failure to hold $134.78 may lead to further downside.
๐ Whatโs your next move? Bullish or Bearish? Comment below!
#Solana #CryptoAnalysis #SOLUSDT #Binance #CryptoTrading
