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Analysis of SOL Currency with Entry Time for Spot Traders
#sol 💸💸💸💸💸💸💥 By looking at the SOL/USDT chart on a one-hour timeframe (1h), we observe the following: --- 📉 Overall 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.
#SOL Daily Analysis of SOL 💸💸💸💸💸💸💸 By looking at the chart for the SOL/USDT pair on a 1-hour time frame, we observe the following:
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📉 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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📊 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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🧠 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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✅ 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).
#BTC Based on the attached image, here is a brief technical analysis of BTC/USDT on the Binance platform: --- 📉 Overall price trend Current price: 106,019.40 USDT Daily change: -2.28% (downward trend) Last peak: 110,530.17 USDT Last bottom: 104,964.14 USDT
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