$SOL SOL/USDT is looking to rebound from a sharp correction at $101.22 +0.74% — Daily RSI 26.84 Oversold After $124.96 Top.
Live Data (1:15 AM)
Price: $101.22 +0.74% / Approx: $101.22
24H High: $101.38 / Low: $99.16 / 24H
Turnover: $28.44M
Buy (Margin): 101.22 / Sell (Margin): 101.21
Chart Analysis
1D: Reaching a high of $124.96, Bottom $60.10 (May 30), currently trading at $101.22. RSI indicators are all showing a bearish daily chart with 26.84 (RSI6), 33.81 (RSI12) and 43.91 (RSI24).
4H: Chart has reached the same highs of $124.96, bottom around $99.16 (Oct 27). RSI6 shows 56.32, indicating a rebound.
2H: Chart has reached a high of $115.84, Bottom $98.62 (Oct 24). RSI6 shows 66.16, indicating improving momentum.
1H: Chart has reached a high of $109.20 on Oct 22, Bottom $98.62. RSI6 shows 66.73 indicating short term bullish movement.
1W: Chart has reached a historic high of $295.73, Historical Bottom $7.91 (Aug 2022). Long-term this has shown massive growth. RSI6 shows 47.03 indicating neutral.
Short-term showing signs of rebounding. Daily chart is bearish.
Key Levels
Support: $99.16 (24H low) / $98.62 (1H/2H Low) and Major $60.10.
Resistance: $101.38 (24H high) / $109.20 and $101.22 +0.74% / Approx: $0__295.73.
Trade Strategy
Bullish confirmation: If price remains above $101.22 +0.74% / Approx: $1__101.38 with volume then price will continue to go higher towards $101.22 +0.74% / Approx: $2__124.96. RSI6 in 1H shows 66.73 confirming the rebound.
Bearish confirmation: Losing $101.22 +0.74% / Approx: $3__92.53 and $76.32.
I am not looking to chase price to reach $101.22 +0.74% / Approx: $4__101.38 or test $99.16 for better risk/reward ratios. Daily RSI shows 26.84 which indicates a rebound zone.
Are you watching out for $101.22 +0.74% / Approx: $5__99.16 Support?
Tap into $SOL and trade within this range.
#CanMicrosoftDeliverOnAI #CanGoogleDefindItsCore #FOMCWatch #ThailandLaunchesWORPTStablecoinToQRPaymentApp #BitmineAdds10452ETH
Live Data (1:15 AM)
Price: $101.22 +0.74% / Approx: $101.22
24H High: $101.38 / Low: $99.16 / 24H
Turnover: $28.44M
Buy (Margin): 101.22 / Sell (Margin): 101.21
Chart Analysis
1D: Reaching a high of $124.96, Bottom $60.10 (May 30), currently trading at $101.22. RSI indicators are all showing a bearish daily chart with 26.84 (RSI6), 33.81 (RSI12) and 43.91 (RSI24).
4H: Chart has reached the same highs of $124.96, bottom around $99.16 (Oct 27). RSI6 shows 56.32, indicating a rebound.
2H: Chart has reached a high of $115.84, Bottom $98.62 (Oct 24). RSI6 shows 66.16, indicating improving momentum.
1H: Chart has reached a high of $109.20 on Oct 22, Bottom $98.62. RSI6 shows 66.73 indicating short term bullish movement.
1W: Chart has reached a historic high of $295.73, Historical Bottom $7.91 (Aug 2022). Long-term this has shown massive growth. RSI6 shows 47.03 indicating neutral.
Short-term showing signs of rebounding. Daily chart is bearish.
Key Levels
Support: $99.16 (24H low) / $98.62 (1H/2H Low) and Major $60.10.
Resistance: $101.38 (24H high) / $109.20 and $101.22 +0.74% / Approx: $0__295.73.
Trade Strategy
Bullish confirmation: If price remains above $101.22 +0.74% / Approx: $1__101.38 with volume then price will continue to go higher towards $101.22 +0.74% / Approx: $2__124.96. RSI6 in 1H shows 66.73 confirming the rebound.
Bearish confirmation: Losing $101.22 +0.74% / Approx: $3__92.53 and $76.32.
I am not looking to chase price to reach $101.22 +0.74% / Approx: $4__101.38 or test $99.16 for better risk/reward ratios. Daily RSI shows 26.84 which indicates a rebound zone.
Are you watching out for $101.22 +0.74% / Approx: $5__99.16 Support?
Tap into $SOL and trade within this range.
#CanMicrosoftDeliverOnAI #CanGoogleDefindItsCore #FOMCWatch #ThailandLaunchesWORPTStablecoinToQRPaymentApp #BitmineAdds10452ETH
