$SOL

Important information from the chart:

Current price: $174.97

Highest price in 24 hours: $176.72

Lowest price in 24 hours: $169.35

Moving averages:

MA(7) = $172.75 (short-term)

MA(50) = $174.15

MA(100) = $176.50

Technical analysis:

1. Candles and recent movements:

We observe a strong green candle that pushed the price from around $172 to $174.97, and the price broke above MA(50).

This reflects strong buying momentum at the current moment.

2. Moving averages:

The price has surpassed MA(7) and MA(50), and is now approaching MA(100) ($176.50), which may form strong resistance nearby.

If MA(100) is broken and held above, it reinforces the upward trend in the short term.

3. Support and resistance:

Important support: $172.33 then $169.35

Current resistance: $176.50 then $179.16 (previous peak)

4. General trend over a week to 90 days:

Positive: +3.21% (7 days), +15.66% (30 days), +21.94% (90 days)

But since the beginning of the year: -9.70%, indicating a previous correction that has not been fully completed.

Conclusion and recommendation (non-financial):

There are signs of a potential bullish reversal, but success depends on the price's ability to break and hold above $176.50.

In case of rejection from this level, it may return to test $172.3.

Trading now carries some risk due to the price approaching a moving resistance.