Current Price: $103,378.38 24h Change: -0.88% 24h High / Low: $104,345.62 / $100,718.37 Volume (24h): 24,830 BTC / 2.55B USDT
Chart Indicators:
1. EMA Crossover Strengthening:
EMA(7): 103,392.68
EMA(25): 103,123.17
EMA(99): 102,765.09 $BTC is currently above all major EMAs, indicating short-term bullish strength. However, the price has slightly dipped below EMA(7), suggesting a small retracement or profit booking phase.
2. MACD Momentum:
MACD: 175.80
DEA: -93.38 A strong bullish crossover has occurred. The rising green histogram bars confirm growing momentum. Traders may look for continuation if the MACD line stays above the signal line.
3. RSI Cooling Down:
RSI(6): 55.97 The RSI has pulled back slightly from higher levels, signaling neutral-to-bullish sentiment. No overbought signals yet, suggesting room for upward movement.
4. Price Rejection at $103,966: BTC faced resistance near $104K and is currently testing support near $103,375. A clean break above $104,000 could open the door to a retest of previous highs.
Current Price: $174.36 24h Change: -0.48% 24h High / Low: $181.46 / $166.18 RSI(6): 69.58 – Near overbought zone Volume (24h): 5.09M SOL / 884.05M USDT
Technical Overview:
1. Price Action: After hitting a 24h low of $166.18, SOL strongly rebounded, climbing above key moving averages. The current candle is bullish, suggesting strong short-term buying interest.
2. Moving Averages Cross:
MA(7): 172.44
MA(25): 172.74
MA(99): 172.94 All three moving averages are converging below the current price, signaling a potential short-term trend reversal. A golden cross is forming, which could attract momentum traders.
3. RSI Signal: The RSI(6) is at 69.58, which is just below the overbought level (70). This shows strength in the recent upward move, but it also hints that a small pullback or consolidation might occur soon.
4. Market Sentiment:
Today: +2.29%
Last 7 Days: +18.87%
Last 30 Days: +33.12% Despite negative trends in the 90-day and 180-day ranges, SOL is showing impressive short-term recovery, attracting fresh attention.
conclusion :
SOL is gaining bullish momentum after a bounce from $166.18. If the price sustains above $175.50, we might see a retest of the $181.46 resistance. However, with RSI nearing overbought territory, watch for consolidation or minor corrections before another leg up.
Bullish Above: $175.50 Next Target: $181.46 Support Zone: $172.00 – $168