2:15 PM

SOL/USDT Technical Analysis (1H Chart)

Current Price: $80.62 | ₹7,304.17

📊 Indicator Reading

Bollinger Bands (20,2)

Upper Band: 81.38

Middle Band: 80.07

Lower Band: 78.75

Price is currently between MB and UB, just above the middle band — neutral to slightly bullish short-term

MACD

DIF: -0.32 | DEA: -0.56 | MACD Histogram: +0.24

Histogram is positive and growing — bullish crossover forming

DIF crossing above DEA = early bullish signal

Volume

Current Vol: 41,489 SOL

MA(5): 63,992 | MA(10): 76,596

Volume is below both MAs — no strong conviction yet; breakout needs volume confirmation

📉 Overall Trend Bias: BEARISH (Macro) / Potentially Reversing (Short-term)

The chart shows a clear downtrend from ~86.85 to 78.04 over the visible period. Price made a low at 78.04 and has since bounced. The MACD histogram turning positive suggests a short-term reversal attempt, but the macro structure is still bearish.

🟢 LONG / BUY Setup

ParameterLevelEntry Zone80.20 – 80.70 (current consolidation)ConfirmationBreak & close above 81.38 (Upper BB) with volume spikeTarget 182.18 (prior resistance)Target 283.17 (24h High)Target 384.46 (chart resistance zone)Stop LossBelow 78.75 (Lower BB) / 78.00

✅ Buy is valid only if price closes above 81.38 with strong volume exceeding MA(10) ~76K

🔴 SHORT / SELL Setup

ParameterLevelEntry Zone81.20 – 81.38 (rejection at Upper BB)ConfirmationRejection candle + bearish volume at UBTarget 180.07 (Middle BB)Target 278.75 (Lower BB)Target 378.04 (swing low retest)Stop LossAbove 82.20

🎯 Conclusion

Short-term: Neutral-to-bullish with caution. Wait for a decisive breakout above 81.38 before buying. If price fails at UB and drops below 80.07, short toward 78.75–78.04 is the higher probability trade given the macro downtrend.