The 1-hour chart of $SOL /USDT is currently showing a recovery phase, with the price trading around 143.06 and consolidating near the key EMAs (7, 25, and 99). Bulls attempted a comeback after forming a strong low at 140.26; however, rejection from the 24-hour high of 144.19 and the convergence of the EMAs suggest the market is waiting for a major move. The RSI stands at 53.12, indicating neutral momentum. Until the price breaks above the 144.00 resistance zone with strong volume, the market may continue to move sideways. The support at 142.78 (EMA 99) must hold to avoid a significant bearish move. Always do your own analysis before placing a spot trade.
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