$SOL Based on the 4-hour chart you shared for SOL/USDT (Solana to Tether), here are some insights and short-term forecasts:
Key Notes:
Current Price: $148.18 (+1.49%)
24-Hour High/Low: $148.67 / $140.32
Moving Averages Indicators:
MA(7): $146.58 (Short-term bullish support)
MA(25): $147.95 (Resistance just broken)
MA(99): $142.20 (Long-term support)
Candlestick Pattern:
A strong bullish candle after a significant drop to $140.32 indicates a bullish reversal or a bounce from support.
The price has just broken above the 25-period average, which is a bullish signal.
Volume:
Volume increased on the bullish candle, indicating buying interest.
Market Sentiment (Bottom Statistics):
Today: +1.79%
30 Days: +17.89%
90 Days: -38.54% (indicating overall weakness in the long term)
Short-term Forecast (next 1-2 days):
Bullish trend - the price may target the resistance area from $150 to $153 if the current momentum continues. Key Levels:
Support: $146.50, then $142.20
Resistance: $150.97 and $153.40
If SOL holds a price above $147.50, we may see further gains. A break below $146.50 could weaken the bullish case.