Technical analysis of SOL against USDT
🟠 Current price:
156.34 USDT
Slightly down: -0.14%
📉 General trend (Trend):
Price is below the moving averages MA(7), MA(25), MA(99)
Clear downward crossover (yellow line < purple < dark purple)
➡️ Overall trend is bearish
🧠 Nearby support and resistance areas:
Strong support: 149 – 150 USDT
Nearby resistance: 159 – 161 USDT
📊 Trading volumes (Volume):
Gradual decline in volume since May 24
➡️ Indicates a decrease in selling and buying momentum
🧭 Quick technical notes:
Price has broken below MA(99) = 169.89, confirming the bearish trend.
A rebound candle at 149.28 may indicate the beginning of a correction or a temporary bounce.
Price needs to break 159-161 to confirm the bullish reversal.
✅ Beginner strategy:
Buy: After a clear breakout above 161 USDT with high volume.
Sell or be cautious: If the support level of 149 USDT is broken.