๐ง General Information
Current price: 2.14447
Percentage over 24 hours: +378.54% (significant increase)
Number of holders in the series: 41,997
Total Market Value: 2.14 billion dollars
Liquidity in the series: 2.85 million dollars
Current market value: 420 million dollars
๐ Quick Technical Analysis
1. Moving Averages
MA(7): 2.29314$ โ price is below the short average, indicating the beginning of a correction or weakness in upward momentum.
MA(25): 2.11132$ โ the price is close to it.
MA(99): 0.81222$ โ very far, indicating that the currency is in an upward trend in the long term but may be inflated.
2. RSI (Relative Strength Index)
RSI(6): 37.6 โ the indicator is in the area close to oversold (< 30 is oversold). Currently, it is low which indicates waning momentum.
3. Price action
The highest peak appeared in the large candle: 3.31286$SOL
Then a clear drop โ a natural correction after the strong rise.
Currently, there is consolidation between 2.1$ - 2.3$
๐ Technical reading
Strong and sudden rise followed by a natural correction.
The price is now close to potential support at MA(25).
RSI is relatively low => it may be a short-term buying opportunity if the price rebounds.
If the price clearly breaks below MA(25), it may drop to levels of 1.5$ - 1.8$.
๐ Summary
Element evaluation
Overall trend strongly upward but beginning to correct
Support points 2.11$, then 1.8$
Resistance points 2.29$, then 2.8$
RSI position is low, a signal of waning momentum
Technical recommendation Monitor price behavior, entry at confirmation of rebound from MA(25) is possible but with caution, with a stop loss below 2.00$
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