$SOL Follow me, God willing, you will benefit

1. General Direction:

Current Price: 126.01 USDT.

24 Hour Low: 123.50 USDT.

24 Hour High: 130.55 USDT.

Change Percentage: -1.15% (indicating a slight decline).

2. Technical Indicators:

Moving Averages (MA):

MA(7): at 175.16 (the price is below it, indicating bearish momentum).

MA(25): at 115.06 (the price is close to it, which may provide support).

Relative Strength Index (RSI):

RSI (6) at 41.84, which is below 50, indicating weak bullish momentum, but it is not in the oversold area yet.

Stochastic RSI:

At 0.20, which is a very low level, indicating a potential upcoming bullish reversal.

3. Support and Resistance Levels:

Strong Support: at 115 - 120 USDT (approximately at MA(25)).

First Resistance: at 130 - 135 USDT.

Strong Resistance: at 175 - 180 USDT (MA(7)).

4. Forecast:

Bullish Scenario: If the price manages to stay above 120 USDT and the RSI rises, we may see a test of the 130 - 135 USDT level.

Bearish Scenario: If support at 120 USDT breaks, we may see further decline towards 110 - 115 USDT.

Conclusion:

The current trend is leaning bearish, but there is a possibility of a rebound due to Stoch RSI reaching very low levels.

It is preferable to wait for a bullish confirmation through RSI or reversal candles before entering a buy trade.