$SOL $SOL The $SOL /USDT chart is currently displaying a bearish trend with downward momentum. The price is below key resistance levels and is consolidating near the $174.73 level.

Key Levels

Support: $163.33, $159.12

Resistance: $183.38, $184.60

Analysis

Bearish Signal: The recent break below the $183.38 level confirms a bearish trend. The price is currently consolidating below this level, indicating potential for further downside movement.

Momentum Indicators: The RSI (Relative Strength Index) is below the 50 level, suggesting bearish momentum. The MACD (Moving Average Convergence Divergence) is also showing a bearish crossover, further supporting the bearish outlook.

Volume: Decreased trading volume during the recent price decline indicates waning interest.

Entry Signal

A potential short entry signal could be a retest of the $174.73 level. If the price breaks below this level, a bearish entry can be considered with a stop-loss above the recent swing high.

Potential Targets

Short-term: $163.33, $159.12

Long-term: $152.70, $145.00

Disclaimer:

This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.#BinanceBlockchainWeek #USJobOpeningsDip #USADPSurges #BTCBreak71K #Write2Earn!