$SOL Looking at the SOL/USDT 1-hour chart you've shared, here's a quick analysis:
---
đ Current Price Action
Price: $154.02 (+1.50%)
24h Range: Low $149.03 â High $154.43
Trend: The last few candles show bullish momentum with a breakout above minor resistance at ~$153.26.
Volume: Notice the significant green volume spike â a strong bullish indicator, suggesting buyers are stepping in.
---
đ Technical Indicators
MA(5): 67,560.30
MA(10): 96,680.74
â Volume MAs confirm rising participation.
Candlestick Behavior: Strong bullish engulfing candle followed by smaller bullish continuation candles â a classic uptrend signal.
Price Structure: Higher lows and higher highs forming, with the current candle testing previous high at $154.43.
---
â Bullish Confirmation Signs
Momentum: Volume increasing on green candles (bullish).
Trendline Support: Price bouncing from $147.70 â confirms strength.
No major resistance ahead until ~$157â$160 zone, if $154.43 breaks cleanly.