1. Current performance SOL
- Current price $SOL : ~145.82 USD (slight fluctuation of ±0.12% over 24 hours).
- Market cap: 75.55 billion USD (sixth globally).
- Trading volume (24 hours): ~1.75 billion USD, down 40% from the previous day, indicating a decline in activity.
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2. Technical analysis
[A] Short-term trend indicators
- Strong sell signal: Moving averages (12 sell signals) and technical indicators (9 sell signals) indicate a strong downtrend.
- Relative Strength Index (RSI): at 33.89 (oversold area).
- Support and resistance levels:
- Near support: 132 USD (strong demand areas according to OB and FVG).
- Key resistance: 148 USD (potential breakout point for bullish movement).
[B] Wave analysis and price structure
- Overall structure: Downtrend on the weekly and daily, but with signs of improvement on the short-term (4 hours) after a structural bullish break.
- Bullish scenario: if breaking 148 USD.
- Bearish scenario: Breaking 132 USD could lead to a decline.
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Summary
Solana remains a key player in the cryptocurrency market thanks to its speed and low cost, but technical challenges and competition pose risks. The current technical analysis indicates dominant selling, but bullish opportunities exist with the breaking of key resistance levels. Caution is advised, and liquidity indicators and network updates should be monitored closely.
