SOL/USDT Analysis — 4h Chart
Current price is 101.47 USDT, with the asset trading below all moving averages: EMA 7 at 103.05, EMA 25 at 104.55, and EMA 99 at 109.38, confirming a short-term bearish structure. After the strong rejection at the 124.95 high, the chart formed a clear sequence of lower highs and lower lows, a verifiable chart pattern characteristic of a continued decline. As long as the price remains below the EMAs, this probability remains favored.
The RSI (6) is at 28.79, in oversold territory, suggesting partial seller exhaustion and leaving room for a technical bounce, although there is no confirmation of a reversal until the moving averages are reclaimed.
Key support: 95.88 USDT, which coincides with the 1.0 Fibonacci level. Key resistance: 102.77 USDT, the 0.786 Fibonacci level, reinforced by the EMA 7 at 103.05.
For informational purposes only; this is not investment advice.
#SolanaUSTD $SOL
Current price is 101.47 USDT, with the asset trading below all moving averages: EMA 7 at 103.05, EMA 25 at 104.55, and EMA 99 at 109.38, confirming a short-term bearish structure. After the strong rejection at the 124.95 high, the chart formed a clear sequence of lower highs and lower lows, a verifiable chart pattern characteristic of a continued decline. As long as the price remains below the EMAs, this probability remains favored.
The RSI (6) is at 28.79, in oversold territory, suggesting partial seller exhaustion and leaving room for a technical bounce, although there is no confirmation of a reversal until the moving averages are reclaimed.
Key support: 95.88 USDT, which coincides with the 1.0 Fibonacci level. Key resistance: 102.77 USDT, the 0.786 Fibonacci level, reinforced by the EMA 7 at 103.05.
For informational purposes only; this is not investment advice.
#SolanaUSTD $SOL