๐ Key Figures
๐ต Current Price: 199.53 USDT
๐ Highest Price in 24 Hours: 204.89 USDT
๐ Lowest Price in 24 Hours: 198.00 USDT
๐ Trading Volume in 24 Hours:
1.72 million SOL
Equivalent to 347.69 million USDT
๐ Daily Price Change: -1.58% (Decrease)
๐งฎ Technical Indicator Analysis
1๏ธโฃ Exponential Moving Averages (EMA)
EMA(7): 199.34 (๐ฉ Light Green)
EMA(25): 200.26 (๐ช Purple)
EMA(99): 201.36 (๐จ Yellow)
โก๏ธ The current price (199.53) is trading below all moving averages, indicating selling pressure in the short and medium term.
โก A price breakout above these moving averages may indicate the beginning of a trend reversal.
2๏ธโฃ Relative Strength Index (RSI)
RSI(6): 48.89 โ๏ธ
๐ The value is in the neutral zone (30โ70), indicating that the market is neither overbought nor oversold at present, leaving room for new movements.
3๏ธโฃ MACD Indicator
MACD Line (DIF): -0.66 ๐ต
Signal Line (DEA): -0.57 ๐ก
Chart (Histogram): -0.09 ๐ด
๐ Bearish signal as the MACD line is below the signal line, with a negative value on the chart confirming weak upward momentum.
๐ Summary
๐ The short and medium-term trend is leaning downwards.
Continued price movement below the major moving averages weakens the chances of immediate upward movement.
โ๏ธ The neutral RSI indicator suggests that the market is still capable of changing its direction in case of strong liquidity entering.
โ ๏ธ Note: This analysis is based purely on technical indicators and should not be considered investment advice. Traders are advised to conduct their own research before making any financial decisions.
