📊 SOL/USDT Technical Analysis (1H Timeframe)

Current Price: ~$77.39

24H Change: −3.36%

Market Structure: Short-term bearish, price reacting near support

🔍 Indicator Analysis

1️⃣ EMA Trend

EMA(7): ~77.9

EMA(25): ~79.5

EMA(99): ~82.5

👉 Price is trading below all major EMAs, which confirms bearish momentum in the short term.

EMA(25) and EMA(99) are acting as strong resistance zones.

2️⃣ Williams %R (14): −86

Market is in the oversold zone

Selling pressure looks exhausted

Possibility of a short-term relief bounce

3️⃣ Volume Analysis

Strong selling volume seen during the drop

Recent candles show decreasing volume, indicating sellers are losing strength

This supports a potential temporary consolidation or bounce

🎯 Key Levels to Watch

Support Zones

$76.5 (recent low)

$75.0 (major support)

Resistance Zones

$79.0 (EMA resistance)

$80.5

$82.0 (major trend resistance)

🔮 24-Hour Price Outlook

✅ Most Likely Scenario:

Price may consolidate between $76 – $79 due to oversold conditions.

📈 Bullish Case:

If price closes above $79 with volume, targets could be $80.5 – $82.

📉 Bearish Case:

If $76.5 breaks, downside risk opens toward $75 – $74.5.

⚠️ Trading Insight

Trend is still bearish

Oversold conditions suggest bounce is possible but not confirmed

Trend reversal only confirmed if price reclaims $79–80

Proper risk management is essential

🧠 Conclusion

SOL is currently oversold on the 1H timeframe. A short-term bounce is possible, but the overall trend remains bearish unless price breaks above key resistance levels.

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