๐ŸŒ SOL/USDT Analysis (Spot โ€“ Position Trade)

โœ…๏ธ The pair SOL/USDT remains in a downtrend on the daily chart but is trying to hold recent support levels.

๐Ÿ“‰ Key Technicals:

โœ…๏ธ Current price: $139.19

โœ…๏ธ RSI(6): 40.42 โ†’ still low, but not oversold

โœ…๏ธ Recent support: $126.00

โœ…๏ธ Resistance: $147.75 (EMA25) and $154.20 (EMA99)

โœ…๏ธ EMAs:

EMA(7): $141.32

EMA(25): $147.75

EMA(99): $154.20

โ†’ All EMAs are above the price, confirming bearish structure

๐Ÿ“Š Interpretation:

SOL is still showing weakness, with all major EMAs acting as resistance. However, buyers stepped in around $126, showing potential bottom-building.

Volume is average and RSI is slowly climbing, which may indicate bearish exhaustion but still needs confirmation.

๐Ÿ’ธ Spot Position Strategy (DCA style):

๐Ÿ’ธ๐Ÿ’ธ Partial buy between $136 ~ $140

๐Ÿ’ธ๐Ÿ’ธ Add more if it drops to $128 ~ $130

๐Ÿ”ด Stop loss: below $123 (under the $126 support)

๐ŸŽฏ Targets:

Short term: $147 (EMA25 zone)

Mid term: $155 (EMA99 zone)

Optimistic: $165+

๐Ÿ“Œ Final summary:

SOL is still in a downtrend, but showing signs of a local bottom at $126. This can be a good entry zone for position traders, scaling in with caution. Wait for stronger confirmation to go heavy.

$SOL

#Solana #SOLUSDT #Write2Earn! #PositionTrade #AltcoinAnalysis