#solana #tehnicalanalysis #sol #TrumpTariffsRateCuts

📊 Chart Summary:

- Timeframe: 1 hour

- Indicator: EMA 20 (blue line)

- Current Price: ~143.86

- EMA 20 Value: 144.83

- Recent candle movement shows hesitation near EMA.

🔍 Technical Analysis:

1. Trend:

- Price had a sharp recovery from recent lows but now appears to be consolidating.

- EMA 20 is relatively flat, indicating sideways movement in the short term.

- Overall structure remains mixed with potential for breakout in either

direction.

2. Support & Resistance:

- Resistance: 146.20 - 147.50 (multiple rejections seen)

- Support: 141.80 - 142.50 zone (price has bounced multiple times here)

- Current price is slightly below EMA, suggesting short-term bearish pressure.

3. Candlestick Behavior:

- Recent red candle shows a rejection near EMA.

- Market participants appear cautious with smaller body candles and wicks.

- A breakout candle in either direction may trigger momentum.