📉 Technical Analysis – SOL/USDT (1h)
Current Price: $124.95 | 24h Variation: -2.60%
⸻@Solana Official #Sol #solana
📊 Moving Averages (MA):
• MA(7): $124.29
• MA(25): $124.01
• MA(99): $127.58
The price is below the MA(99), indicating long-term resistance. In the short term, the asset is trying to hold above the short averages (MA7 and MA25), which may suggest a potential reversal attempt.
⸻
📈 Volume:
High volume in the last hours, peaking at nearly 400 million, suggesting strong institutional inflow or market reaction to the support tested at $121.36.
⸻
🔍 RSI (Relative Strength Index):
• RSI(6): 58.62
• RSI(12): 53.19
• RSI(24): 48.61
RSI indicators show recovery of buying strength after previous overselling, but still without a clear overbought signal.
⸻
📌 Support and Resistance:
• Support: $121.36
• Immediate Resistance: $127.58 (MA99)
• Key Resistance: $133.99 (recent high)
⸻
🔔 Technical Conclusion:
Despite the current pullback, the chart shows an attempt to recover with good buying strength. If the price exceeds $127.58 with volume, it could retest $133.99. However, if it drops below $123.00, it may seek support again at $121.36.
Current trend: Sideways with a recovery bias.
Attention signal: Strong rejection at the top (long wick at $133.99).
