$SOL /USDT Market Update: Oversold Bounce or Bearish Continuation?

Trading Analysis & Potential Setups (Not Financial Advice)

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📉 Current Market Overview

Price: $154.40 (-1.37% 24h)

Trend: Short-term bearish — trading below key moving averages

MA(7): $155.79

MA(25): $156.08

MA(99): $156.36

RSI (6): 24.13 → Deeply oversold, bounce potential

Volume: 74,416 SOL → Below 5/10-day average, shows weakening momentum

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🔍 Key Observations

1. Bearish Bias

Price is below all major MAs, confirming downward pressure

RSI + MACD suggest a possible reversal, but the trend remains weak unless confirmed by volume

2. Support & Resistance Zones

Immediate Resistance: $155.80 (MA7)

Major Resistance: $156.36 (MA99)

Support Zone: $153.00–$152.00 (recent swing lows)

3. Volume Watch

Low volume → Weak conviction

Any breakout (up or down) must be backed by rising volume to be sustainable

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📈 Trading Setups (High Risk – DYOR!)

🔹 Short-Term (Scalp/Day Trade)

Buy Dips: Consider entries near $153 if RSI remains below 30 and price shows signs of reversal

Target: $155.80 (MA7)

Sell Rallies: Short opportunities may arise if price fails to break above MA7 or MA25

Stop-Loss: Above $156.40

🔸 Mid-Term (Swing Trade)

Bullish Confirmation Needed: Look for

RSI >30

Close above MA7 or MA25

Breakout Strategy: If price clears $156.40 with strong volume, target $160+

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⚠️ Risk Management Tips

Primary Stop-Loss: Below $152

Leverage Warning: High volatility – size positions accordingly

Stay agile and watch for fakeouts on low volume

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🧠 Final Thoughts

SOL is at a key inflection point — oversold yet under pressure. While a short-term bounce is possible, confirmation is essential before taking larger positions. Trade cautiously and respect your risk limits.

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> Disclaimer: This is not financial advice. Always conduct your own research before trading.

$SOL