💰💰💶
SOLVE traders rely on multiple technical signals and indicators, the most prominent of which are identifying support and resistance levels, as they help reveal reversal points and market trends. Chart patterns are also used to draw trend lines and predict price movements.
General Trend:
The price is in a downward trend after breaking the horizontal resistance level.
Despite the decline, SOLVE is still achieving a 99.04% positive change since the beginning of the year.
RSI (Relative Strength Index):##💸💸💸💸💸💸💸🪙🪙🪙🪙💰💰
The indicator shows a reading of 0.00 on the weekly frame, indicating clear downward momentum.
The 50 line may act as resistance if the price returns to test it.
Moving Averages (MA):🤑🤑💰
The weekly trend is neutral: there is no clear bullish or bearish crossover between MA-50 and MA-200.
The price is below the averages, reinforcing the neutrality.
MACD:🤑🤑
In the weekly frame, the trend is downward.
The signal line has been below the MACD line for 50 periods, supporting the decline.
Summary:
Some see that
The overall trend for SOLVE is currently negative in the short and long term, with technical indicators suggesting continued selling pressure, despite the large annual gains.💶💶💶🤑🤑