Here’s a technical analysis for SOL/USDT chart:
SOL/USDT Technical Analysis – 4H Chart Update
🔹 Current Price: $141.97 (+4.34%)
🔹 24H High/Low: $147.00 / $130.66
🔹 Volume: 8.86M SOL
📊 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.
📈 Moving Averages & Indicators:
✔ EMA (7): $142.51 (short-term resistance)
✔ EMA (25): $145.93 (mid-term resistance)
✔ EMA (99): $158.19 (major resistance level)
💡 Key Levels to Watch:
🔸 Support: $134.78 – $125.55
🔸 Resistance: $146.73 – $158.67
📉 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.
📈 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.
📌 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.
🚀 What’s your next move? Bullish or Bearish? Comment below!
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