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🧠 Summary
Current Price: $142.52
Change: -10.81% (24h)
24h High: $160.69
24h Low: $140.96
Trend: Bearish (short-term)
Signal: Caution – Possible Rebound, but trend is still weak
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📊 Chart Analysis
🔻 Price Action:
The price dropped sharply from a high of ~$160 to a low of ~$141, then rebounded slightly to $142.50.
V-shaped recovery attempt seen at the end of the chart, but overall still lower highs and lower lows = bearish trend.
📉 Moving Averages:
MA60 (gray line) is at $142.68, currently above the price ($142.52), suggesting:
Price is trading below MA60, which is typically bearish.
MA(5) and MA(10) (yellow and blue lines at the bottom):
Short-term MA values are also moving downward, confirming short-term weakness.
🔍 Volume:
Recent buying volume increased (green bars), especially during the bounce from the $141 region.
Shows some support around $141, but not strong enough yet to confirm a trend reversal.
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🔧 Indicators at Bottom:
Today: -9.68%
7 Days: -4.67%
30 Days: -20.41% ✅ strong decline.
90 Days: +6.40% ✅ positive over the longer term.
180 Days: -34.55% ❌ bearish mid-term.
1 Year: -8.73%
➡️ This tells us that longer-term recovery is not confirmed. There has been a significant downtrend in recent days and months.
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🔁 Potential Signals:
✅ Bullish (Short-term Rebound) IF:
Price breaks above MA60 ($142.68) with volume.
Holds support at $140.96 (24h low).
MACD or RSI (not shown here) show bullish divergence.
❌ Bearish (Likely Downtrend) IF:
Price fails to hold above $142.
Breaks below $140.96 again = possible continuation to $135–$130 zone.
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📌 Recommendation:
Conservative Trader:
Wait for confirmation above MA60 and stabilization.
No Buy yet – the trend is still weak and unstable.
Aggressive Trader:
Possible short-term buy at current levels ($142–$143) aiming for rebound to $147–$150.
Set tight stop-loss at ~$140.
For Selling:
If you’re holding SOL from above $150, you may sell partially now to avoid further downside.
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