SOL/USDT – Technical Analysis (1h )
Current price: 123.36
24h Variation: −2.86%
Trend
• Short term: bearish
• Structure of lower highs and lows after rejection at 128.78
Moving Averages
• MA(7): 123.48 → price slightly below
• MA(25): 124.72 → immediate resistance
• MA(99): 125.65 → negative bias in the short term
Supports
• 122.16 → recent main support
• Below this: risk of continuation of the correction
Resistances
• 124.70 – 125.00 → region of the averages
• 127.50 – 128.80 → stronger resistance
Volume
• Recent increase in downward movement
• Suggests active selling pressure
RSI
• RSI(6): 43.56
• RSI(12): 41.97
• RSI(24): 43.44
→ Neutral-low zone, no overselling, still room for volatility
Overall reading
• Market in correction, no clear reversal signal
• Recovery only gains strength above 125
• Loss of 122 reinforces bearish continuation scenario
Summary
• 📉 Bias: caution
• 🟢 Buy: only with confirmation above 125
• 🔴 Risk: loss of support at 122
