๐ SOL/USDT โ Daily Chart Analysis
SOL is showing early recovery signs after a prolonged downtrend.
๐น Price: ~$139
๐น Recent Low: ~$116
๐น 24H Change: +2%
๐ Technical Breakdown
โ Higher Low Formation
Price bounced strongly from the 116 support, suggesting selling pressure is weakening.
โ Short-term MA Crossover
Price is trading above MA(7)
MA(7) is curling up and crossing MA(25) โ short-term bullish signal
โ ๏ธ Major Trend Still Cautious
MA(99) (~156) is still overhead โ strong resistance
Overall structure is still below long-term trend
๐ Volume Gradual increase in volume confirms genuine buying interest, not just a dead-cat bounce.
๐ฏ Key Levels to Watch
Support: 130 โ 135
Major Support: 116
Resistance: 145 โ 150
Breakout Zone: Above 156 (trend reversal confirmation)
๐ง Outlook
Short-term: Bullish continuation possible toward 145โ150
Mid-term: Needs a daily close above MA(99) to flip fully bullish
Failure below 130: Retest of lower support likely
๐ Strategy Idea (Not Financial Advice):
Swing traders can look for pullbacks above 135 with tight risk management. Conservative traders should wait for a daily close above 156.
๐ฅ SOL showing signs of life โ patience and confirmation are key.
#Solana #CryptoAnalysis #BinanceSquareBTC #altcoins #TechnicalAnalysis