#AI与GameFi市场表现
Below is the daily chart analysis for SOL/USDT, based on the price action of $SOL:
Trend and Price Change
The current price of 242.44 is above the 7-day moving average ($240.42) and the 25-day moving average ($227.47), indicating a recovery after the recent pullback.
The key support level is $221.80, which was a pullback low before.
The nearest resistance level is 246.77 (24-hour high), and the main resistance level is 264.39.
Trading Volume
Compared to the previous level, the trading volume seems to be decreasing. This may mean that the market is in a consolidation phase, or traders are waiting for further confirmation of the price direction.
Average Situation
The 7-day moving average has crossed above the 25-day moving average, indicating short-term upward momentum.
The 99-day moving average ($169.02) is well below the current price, confirming the long-term upward trend.
Momentum and Market Conditions
The current daily chart trend is neutral to bullish, with a positive candle formed near the key position. However, further confirmation is needed to confirm a stronger upward trend.
Buy and sell order ratio: sell orders account for 62.08%, and buy orders account for 37.92%, indicating that despite the price increase, the selling pressure is still large.
Conclusion and strategy
Bullish situation: If the price breaks through and holds at 246.77, it may test the main resistance level of 264.39.
Bearish situation: If the price cannot hold at 240.42, it may pull back to the support level of 227.47, or even lower to $221.80.
The best strategy is to wait for a breakthrough or breakout confirmation before entering the market, and be sure to set a stop loss order to effectively manage risks.
In the currency circle, if you don’t have a good circle and don’t have first-hand information in the currency circle, then I suggest you follow me and take you to the shore for free. Welcome to join the team! ! !
