$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.
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.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
SOL
171.03
+2.01%