Main technical analysis $SOL
1. **Short-term trend (Bearish):**
- Current price **$152.25**, down **-2.85%** in 24h.
- Price is **below** short-term MA lines:
- MA(7): **$155.50** (resistance)
- MA(25): **$168.20** (strong resistance).
- Short MA line crosses below long → Confirms downtrend.
2. **Momentum indicator:**
- **KDJ:**
🙂↕️👉K (12.92) < D (18.83) < J (1.09) → **Oversold** but not recovered yet.
👉 24h Volume is only **53.73M USDC** → Lower than MA(5) and MA(10), indicating **lack of buying power**. 3. **Support & Resistance:**
- **Strong support:** **$149.35** (most recent bottom) → If broken, the price may test **$144.63** (MA99).
- **Nearby resistance:** **$155.50** (MA7) → Only if it surpasses this will it open up for an increase again.
4. **RSI (14):**
- **RSI: 12.92** → **extremely oversold** zone, but no recovery signal yet → 🤣Caution "bear trap".
Medium term $SOL Currently at high risk of bottoming at 140.
That's my opinion. What do you think?