📊 Technical Analysis | SOL / USDT
⏱ Timeframe: Daily
🔹 Overall Trend: Neutral
🔹 Price is currently moving within a horizontal range (consolidation) between clear support and resistance levels.
🔹 The 50-period moving average acts as a short-term interaction level.
🔹 The 200-period moving average remains supportive of the medium-term trend.
🔹 Price is near a strong support zone with potential for a technical rebound.
🔹 RSI ≈ 50 → No overbought or oversold condition (balanced state).
📌 Possible Scenarios:
✅ Rebound from support → Return of price movement within the range toward resistance.
❌ Breakdown below support → Potential for deeper decline and retesting of lower levels.
🚀 Breakout above resistance → Start of a new bullish wave.
⚠️ Risk management is crucial
Analysis provided for educational purposes only, not investment advice.
Stick to a clear trading plan and set your stop-loss.
💬 What's your take: Do we see a rebound from support or a breakout from the range?
$SOL
#Solana