$SOL 📉 SOL/USDT 4-Hour Analysis: Consolidating Below Key Averages
The provided 4-hour chart for SOL/USDT illustrates a critical period of consolidation for Solana, currently trading at $132.44. The price action shows the token trading below all three major Moving Averages: the MA(7) at $132.63, the MA(25) at $135.01, and the MA(99) at $135.76. This alignment, where the $SOL short-term average is below the mid and long-term averages, typically suggests a bearish sentiment in the short-to-mid term $SOL
SOL
129.7
-2.40%