Technical Notes:$SOL
1. Short-term general trend:
The trend is currently downward temporarily after breaking the support level of 203.79, and returning to test the area of 197–200 as a new support level.
2. Moving Averages (MA7 and MA25):
The yellow line (MA7) is below the pink line (MA25), confirming the downward trend.
However, the price has started to stabilize near 199, suggesting an attempt to rebound.
3. Support and Resistance:
Strong support: 197.00 – breaking this means a potential drop to 191.00.
Current resistance: 203.79 – if broken, the price may return to 208 then 213.
4. Trading Volumes (Volume):
There is a noticeable increase in trading volume at the bottom, indicating the entry of some buyers.
📈 Near-term expectation:
As long as the price is above 197, we may see a rebound to 203–205.
If 197 is broken with a strong candle close, the next drop could reach 190–191.$
💡 My advice now:
If you own the currency, do not sell at the bottom (below 197).
And if you are considering buying, wait for confirmation of a close above 203.5 or a return of the price to the area of 195–197 to enter at a better price.
