š š„ Solana $SOL /USDT) Chart Analysis š
Hey there, crypto traders! š it's Bullish position Trade Set-up.
* Current Price: $132.62 š°
* Price Change: The price is currently down by -4.59% today (Rs37,182.66). Ouch! š¬
* 24h Range: It has traded between a High of $139.32 and a Low of $131.77.
* Volume: The 24h trading volume for SOL is 3.01M.
* Trend: Looking at the candlestick chart (likely 1-hour or 4-hour), the price has been in a downtrend since hitting a peak around $139.36. š
* Moving Averages (EMAs): The price ($132.62) is currently trading below all three EMAs (EMA 7, EMA 25, and EMA 99), which is a bearish signal. The EMAs are also starting to fan out and point downwards, confirming the short-term negative momentum. š»
* Support/Resistance: The price seems to be testing the area around $131.43 / $132.00, which might act as minor support.
š¤ What does this mean?
The short-term sentiment for Solana appears bearish as it has broken below key Exponential Moving Averages. Traders should be cautious!
Keep an eye on:
* Resistance: The EMA lines (around $133.69 to $134.51) will act as the first resistance levels if the price tries to recover.
* Support: The recent low of $131.77 and the next major level around $129.80 are crucial support points.
