$SOL /USDT, here's a technical analysis report:
Current Price: Not explicitly provided in the image, but let's assume it's around the midpoint of the visible range.
Moving Averages:
- MA(7): The yellow line indicates short-term trends.
- MA(25): The blue line shows medium-term trends.
- MA(99): The purple line represents long-term trends.
Technical Indicators:
- The price appears to be above the MA(7) and MA(25), suggesting short-term and medium-term bullish momentum.
- The price is also above the MA(99), indicating a longer-term bullish trend.
- The candlestick patterns show a mix of green and red candles, indicating some volatility.
Targets:
- Upside Targets:
1. $152.50 - Recent high visible on the chart.
2. $155.00 - Slightly above the recent high, considering potential resistance.
3. $160.00 - Psychological resistance level.
- Downside Targets:
1. $127.00 - Recent low visible on the chart.
2. $125.00 - Another support level slightly below the recent low.
3. $120.00 - Key support level.
This analysis suggests that SOL/USDT is currently in a bullish phase, but traders should watch for potential corrections, especially if the price approaches the upper resistance levels.#DODOEmpowersMemeIssuance #BinanceLaunchpoolHMSTR #BTCReboundsAfterFOMC #TerraformLabsBankruptcy