#sol $SOL

The most recent candle is a strong bullish candle (large green body) following a long lower wick red candle, forming a potential bullish reversal pattern (similar to a hammer or bullish engulfing, depending on exact candle structure).

Price bounced from the $166.68 level (which is the 24h low), indicating strong buying pressure/support at that zone.

Moving Averages (MA/EMA)

EMA(5): 172.03

EMA(10): 172.83

EMA(20): 173.53

The current price ($173.01) is at or just breaking above the short-term EMAs, which is a bullish short-term sign.

RSI (Relative Strength Index)

RSI(6): 50.13

RSI(12): 49.14

RSI(24): 52.89

RSI values are in the neutral zone (45–55), suggesting there’s room for upward movement, but it’s not strongly overbought or oversold.

DMI/ADX (Directional Movement Index)

PDI (Positive Directional Index): 18.68

MDI (Negative Directional Index): 20.00

ADX: 13.81 (low strength)

ADXR: 26.79

This shows that bears are still slightly stronger, but the trend is weak (low ADX < 20). A crossover could signal trend reversal if PDI moves above MDI.

Summary & Likely Market Move

Short-term: Slight bullish momentum after bounce from support ($166.68).

Resistance nearby: EMA(20) at $173.53 and MA(20) at $175.04 could act as resistance.

If price breaks above $175.04, next targets could be $178.30–$180.

Prediction (Short-Term)

If current momentum sustains and price holds above the EMAs:

✅ Possible move toward $175–$178.

❌ Break below $172 would invalidate this bullish momentum and may retest $170 or $166.

What is your opinion ?