Ciincn

Current price: 175.25 USDT
Candles: 1 hour
EMAs:
EMA(7): 170.12
EMA(25): 172.23
EMA(50): 172.47
EMA(200): 163.81
Analysis:
The price is above the EMA 200, indicating an overall still bullish trend in the medium term.
However, the current price is below the EMAs 7, 25, and 50, suggesting a correction or bearish pressure in the short term.
The recent peak was 184.87 USDT and a lower high is forming, which may anticipate a bearish movement if there is no bounce soon.

General Trend
Currently, Solana shows a bullish trend. This can be observed by:
Prices are above the main moving averages.
There are higher highs and higher lows since the marked lowest point (95.19 USDT).
The current price is 184.32 USDT, with an increase of +5.89% in the last 24h.
Supports and Resistances
Relevant support: the zone of 150 USDT, where the price previously consolidated before breaking upwards.
Next resistance: the zone of 200 USDT, which coincides with an important psychological and technical level.

1. Price Action Analysis

Current price range: 146.85 USDT
Recent high:
153.88 USDT
Recent low: 140.25 USDT


After a sharp drop to 140.25, the price had a significant rebound reaching 153.88, suggesting a recovery after aggressive selling.
Currently, the price is in a bearish consolidation range since the high of 153.88, with a recent recovery towards 147 USDT.
📈 2. Moving Averages
Yellow moving average (short MA): Very close to the current price, turning upwards, which indicates a possible short-term bullish momentum.

The 4-hour chart for SOL/USDT on Binance shows Solana trading at $149.60 with a decrease of 1.09% today. Let's break down the key points:
Trend Summary: SOL experienced a strong bullish trend since April 19, rising from $136 to a peak of $156 by May 1, a 14.7% increase. Since then, it has retraced and is consolidating between $148 and $152.
Support and Resistance: The level of $148 has acted as a reliable support, tested multiple times. Resistance is observed at $152-$153, with $156 being the next significant hurdle if the price breaks upwards.

The price of SOL/USDT is currently at 214 USDT, operating at critical levels that may indicate its next move. Here is the breakdown of the key technical levels:
🔑 Resistance: Immediate resistance is at 220.00 USDT, a strong level where bullish momentum may stall. A breakout above this could open the door for a move towards 230.00 USDT, with the next target at 240.00 USDT. Watch for volume confirmation on any breakout.
🔑 Support: The primary support is at 210.00 USDT, where buying interest has been strong recently. If this support level fails, SOL could drop to 200.00 USDT, which would be a critical level to watch for a possible rebound.

With the growing interest and fear of missing out, many are wondering if now is the right time to invest in cryptocurrencies.

Just a reminder: do your own research and make sure you understand the space before getting involved. Take a long-term perspective: it's still early.

Start slowly: begin with a small capital, say US $50- $100.

Currency choice: choose a currency that is less volatile.
Leverage: it is recommended that this does not exceed x10.
Leverage limit: ensure never to exceed leverage by more than 50% of your capital (for example, with US $100 in your portfolio, your leverage should not exceed US $150 = US $15 x 10)
Avoid trading at the same price: never buy or sell any currency at the same price with all your margin.