$SOL /USDT Technical Analysis:
Current Price: $127.14 (-5.12% 24h)
Key Levels:
- Support: $122.00
- Resistance: MA(7) at $128.20, MA(25) at $132.15, MA(99) at $144.39
Moving Averages:
- MA(7): $128.20
- MA(25): $132.15
- MA(99): $144.39
Analysis:
- Bearish Trend: SOL is trading below the 7, 25, and 99-period moving averages, indicating a bearish trend.
- Volume: 24h Volume shows significant activity with 4.06M SOL and 516.18M USDT traded.
- Short-term Rebound: Potential rebound from $122 support. Watch for resistance at $128.20 and $132.15.
- Long-term Outlook: Bearish unless SOL can break above $144.39 (MA(99)).
Strategy:
- Bullish Reversal: Look for sustained movement above $128.20 and $132.15.
- Bearish Continuation: Further drops likely if support at $122 breaks.
Stay informed and trade wisely!
