#SOLUSDT 1H Overview

PRICE ACTION:

• Current Price: $92.315 as of the posting, showing a +7.59% bounce from its sudden dump.

• Volume: Shows variations, ranging from 162,061, 891,650, and 370,426.

• ATR: Average volatility at 2.2808.

TECHNICALS:

• RSI: 28.36 (Oversold)

• MFI: 28.28 (Bearish, but with bullish divergence)

• CCI: -131.45 (Oversold)

• WR%: -70.20 (Oversold)

MOMENTUM:

• Bearish SMA

• ADI: -DI > +DI (Bearish)

• ADX: 24.04 (Moderately strong trend)

• Bearish MACD

• Bearish PSAR

S/R LEVELS:

Support: $90.270

Resistance: $93.080, $97.520, $99.540

OVERALL CHART BIAS:

$SOL reflects a predominantly bearish sentiment on its 1-hour frame, supported by various technical indicators. However, the bullish divergence in MFI suggests potential positive money flow.

Aside from that, market movement has also created a beautiful bullish gartley which could peak towards the 127% extended Fib level. Market has bounced well and was unable to mitigate the lower OB, catapulting it towards a reentry on its VAL.

Further observation is required especially upon entry of price towards the Fib’s golden zone.