$SOL
The SOL/USDT 4-hour chart on Binance reveals a cautious recovery for Solana after a period of significant volatility. Trading at $127.21, the asset has gained +2.45% today, bouncing back from a recent local low of $116.88.
Technically, SOL is currently showing signs of a "Golden Cross" on the short-term timeframe, as the MA(7) (yellow) has crossed above the MA(25) (pink). This suggests immediate bullish momentum. However, the price remains capped by the long-term MA(99) (purple) at $130.38, which acts as a major overhead resistance. $SOL
While the "Today" indicator shows a green +1.60%, the longer-term performance remains under pressure, with a -42.04% drop over the last 90 days. Traders should watch for a sustained break above $130 to confirm a trend reversal.
Would you like me to explain what the MA(99) level indicates for future price targets $SOL