Alright, let's break down the SOL/USDT
1. Current Situation
Price: $149.18 (down -2.52% in the last 24h)
24h High / Low: $157.00 / $148.90
Timeframe: 1 Hour (1h) chart
2. Technical Indicators
EMA (7) = 150.39 (short-term)
EMA (25) = 151.24 (medium-term)
EMA (99) = 148.89 (long-term)
Observation:
Price is now below EMA (7) and EMA (25), but just around EMA (99).
This suggests short-term bearishness, but it's sitting at an important support level (EMA 99).
3. MACD Indicator
MACD Line: -0.25
Signal Line: -0.21
MACD Histogram: Slightly negative
Observation:
MACD is bearish, but not too strong yet.
Momentum is slightly downward, showing weakness in buying pressure.
4. RSI Indicator
RSI (6) = 26.91
Observation:
RSI below 30 indicates oversold conditions.
Possible bounce could happen soon if buyers step in.
5. Volume
Recent volumes are relatively stable but no major buying spikes.
Weak volume confirms the price fall.
6. Support and Resistance
Support: Around $148.89 (EMA 99 and recent low).
Resistance: $151.24 (EMA 25), then $157.00 (24h High).
7. Summary
Short-term Trend: Slightly bearish
Medium-term Trend: Neutral to bullish if $148 support holds
Oversold RSI: Watch for a possible short-term bounce.
Key Level: $148 support must hold. If broken, next support is around $142 - $138.