SOL
171.51
+1.27%
SOL/USDT Update - One Hour Chart Analysis
SOL is currently trading at a price of $171.40, with an increase of +1.90% in the last 24 hours. The price is facing resistance near the level of $174.49 (24-hour high) and support around $166.70 (24-hour low).
Key Indicators:
MA(7): 172.30 – the price is slightly below the 7-period moving average, indicating short-term resistance.
MA(25): 171.49 – acts as a short-term support zone.
MA(99): 174.72 – still above current levels, showing long-term resistance.
Trading volume has seen a steady increase, with 3.21 million SOL traded in the last 24 hours, indicating market interest. Watch for a breakout above $174.50 for bullish momentum or a drop below $170 for potential downside.
Short-term outlook: consolidation in the current range. A move above $174.50 could lead to further upside, while a drop below $170 may test support at $166.70 again.
