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📈 Current price
• Solana (SOL): $172.30 USD
• 24h change: +7.34%
• 24h trading volume: $7.58 billion USD
• Market capitalization: $89.43 billion USD
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🔍 Multi-timeframe technical analysis
⏱️ 15 minutes
• Trend: The price is in a short-term upward trend.
• RSI: ~68, near overbought territory.
• MACD: The MACD line crosses above the signal line, confirming the upward trend.
• Volume: Slight increase, supporting the upward trend.
🕐 1 hour
• Trend: The price continues to maintain an upward trend.
• RSI: ~70, warning of overbought territory.
• MACD: Continue to maintain a buy signal.
• Volume: Steady increase, supporting the upward trend.
🕓 4 hours
• Trend: The price is in a strong upward trend.
• RSI: ~72, exceeding the overbought threshold.
• MACD: Continue to maintain a strong buy signal.
• Volume: Strong increase, confirming the upward trend.
📅 1 day
• Trend: The price is in a long-term upward trend.
• RSI: ~75, warning of overbought territory.
• MACD: Continue to maintain a buy signal.
• Volume: Strong increase, supporting the upward trend.
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📊 Trading strategy
Spot
• Strategy: Wait for a correction to the $160 region to buy.
• Target: $180 – $200
• Stop loss: Below $150
Futures
• Long:
• Entry point: When the price exceeds $175
• Target: $185 – $200
• Stop loss: Below $165
• Short:
• Entry point: When the price drops below $160
• Target: $150 – $140
• Stop loss: Above $170
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📰 News and notable events
• SOL Strategies: Bought $18 million SOL, showing institutional interest.
• Moo Deng (MOODENG): Memecoin on the Solana platform increased 153% in the last 24 hours, boosting interest in the Solana ecosystem.
• Tokenization of stocks: A new project on Solana aimed at bringing stocks to the blockchain, enhancing the practical application of the platform.
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📌 Conclusion and recommendations
• Solana is in a strong upward trend, supported by technical factors and positive news.
• However, the RSI indicates that the market is in overbought territory, caution is needed regarding the potential for short-term corrections.
• Strategy prioritizes trading with the trend, using support and resistance levels to determine entry points.
• Strict risk management, especially in Futures trading.
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