#SOL Daily Analysis of SOL ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ

By looking at the chart for the SOL/USDT pair on a 1-hour time frame, we observe the following:

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๐Ÿ“‰ General Trend:

Current price: 152.85 USDT (down -4.96%).

The short-term trend is clearly bearish after reaching a peak at 168.36.

The price has broken below the moving averages MA(7), MA(25), and MA(99), reinforcing the negative trend.

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๐Ÿ“Š Technical Indicators:

1. RSI (Relative Strength Index):

Value: 27.70

Entered the oversold area (Oversold) < 30, which may indicate a potential rebound, but not a confirmation.

2. MACD:

Fast Line (DIF): -2.20

Slow Line (DEA): -1.64

MACD Histogram: Negative, and increasing in negativity.

Indicates strong ongoing selling momentum with no signs of bullish crossover yet.

3. Stochastic RSI:

Value: 3.89 and 8.07

Both are in a state of extreme overselling.

Could indicate a near correction or temporary rebound.

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๐Ÿง  Analysis Summary:

Indicator Signal

General Trend Bearish

RSI Oversold (Possibility of near rebound)

MACD Strong selling momentum

Stoch RSI Oversold (Possibility of correction)

Price vs Averages Below all averages

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โœ… Technical Recommendation (not financial):

If you are in a sell position: You may continue but be cautious of any near technical rebound.

If you are considering buying: It is better to wait for a clear rebound signal to form (such as a MACD crossover or RSI exiting the oversold area).

Potential Support Watch Areas:

150.50 (last candle low)

146.84 (previous low)