📊 SOL/USDT – Daily Chart Analysis

SOL is showing early recovery signs after a prolonged downtrend.

đŸ”č Price: ~$139

đŸ”č Recent Low: ~$116

đŸ”č 24H Change: +2%

🔍 Technical Breakdown

✅ Higher Low Formation

Price bounced strongly from the 116 support, suggesting selling pressure is weakening.

✅ Short-term MA Crossover

Price is trading above MA(7)

MA(7) is curling up and crossing MA(25) → short-term bullish signal

⚠ Major Trend Still Cautious

MA(99) (~156) is still overhead → strong resistance

Overall structure is still below long-term trend

📈 Volume Gradual increase in volume confirms genuine buying interest, not just a dead-cat bounce.

🎯 Key Levels to Watch

Support: 130 – 135

Major Support: 116

Resistance: 145 – 150

Breakout Zone: Above 156 (trend reversal confirmation)

🧠 Outlook

Short-term: Bullish continuation possible toward 145–150

Mid-term: Needs a daily close above MA(99) to flip fully bullish

Failure below 130: Retest of lower support likely

📌 Strategy Idea (Not Financial Advice):

Swing traders can look for pullbacks above 135 with tight risk management. Conservative traders should wait for a daily close above 156.

đŸ”„ SOL showing signs of life — patience and confirmation are key.

$SOL

SOL
SOL
84.88
+7.72%

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