$SOL ### **Technical Analysis of SOL/USDT **
#### **Current Price & Trend Overview**
- **Current Price:** $127.08
- **24H High:** $130.42
- **24H Low:** $125.21
- **Price Change:** -2.13%
#### **Key Technical Indicators**
1. **Moving Averages (MA)**
- **MA(7):** 128.28 (short-term resistance)
- **MA(25):** 141.37 (medium-term resistance)
- **MA(99):** 191.32 (long-term resistance)
The price is currently below all major moving averages, indicating a **bearish trend** in both the short and long term.
2. **Support & Resistance Levels**
- **Support:** $112.00 (recent lowest point)
- **Resistance:** $131.16 (recent high before rejection)
- A break above $131.16 could push the price toward the next resistance at **$155**.
3. **Volume Analysis**
- **Volume is decreasing**, suggesting reduced buying interest.
- If volume picks up near support levels, it could indicate a potential reversal.
4. **Recent Performance**
- **Last 7 Days:** -0.42% (mild decline)
- **Last 30 Days:** -37.35% (strong downtrend)
- **Last 90 Days:** -42.69% (extended bear trend)
- **Last 180 Days:** -4.04% (relatively stable)
- **Last 1 Year:** -30.61% (major correction)
#### **Market Outlook**
- **Bearish Bias:** The trend remains **bearish** as the price is under key moving averages.
- **Reversal Possibility:** If SOL holds above $112 and gains buying momentum, a **short-term recovery** toward $140-$150 is possible.
- **Breakdown Risk:** A drop below $112 could push the price further down to **$107-$100**.
### **Conclusion**
📉 **Bearish Trend** with potential for a bounce if support holds.
📊 **Key Levels to Watch:** Resistance at **$131**, Support at **$112**.
🚀 **Buy Signal:** If SOL breaks above **$131** with strong volume.
⚠️ **Sell Signal:** If SOL drops below **$112**, indicating more downside risk.
#solana