📊 SOL/USDT Technical Analysis – Daily Timeframe💥💥💥
📉 Current Price: ~$84.9
🔴 Trend: Bearish (Daily)
SOL is currently trading under strong selling pressure on the 1D timeframe. The overall market structure remains bearish, as price is continuously making lower highs and lower lows.
🔍 Technical Indicators Breakdown
Supertrend (10,3):
Still bearish, acting as strong resistance near $103–105.
As long as SOL stays below this zone, upside will remain limited.
RSI (6): ~41.8
RSI is below the 50 level, showing weak momentum.
This suggests buyers are still not in control.
Stochastic RSI: ~90+
Currently in overbought territory, which may lead to a short-term pullback or consolidation.
Volume:
Volume is declining, indicating lack of strong buying interest at current levels.
🧱 Key Levels to Watch
📌 Support Zones:
$82 – $80 (Immediate support)
$67.5 (Major demand zone / previous wick low)
📌 Resistance Zones:
$90 – $92 (Minor resistance)
$103 – $105 (Strong resistance & trend reversal zone)
📈 Outlook
Bearish scenario:
If SOL fails to hold above $82, a move toward $75–68 is possible.
Bullish recovery:
A daily close above $92, followed by reclaiming $103, could signal a trend shift.
⚠️ Conclusion
SOL remains bearish on higher timeframes. Traders should wait for clear confirmation before entering long positions. Risk management is crucial in current market conditions.
📢 This is not financial advice. Always do your own research (DYOR).
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