SOL/USDT Analysis: Strong Upward Momentum with Critical Resistance at $215.27
Daily Chart (1D):
- Current price: $203.77
- RSI: 83.22, indicating overbought conditions, which may lead to a pullback or consolidation.
- MACD: Positive divergence, suggesting ongoing bullish momentum, but overextended.
- Support: $178.29, a level tested multiple times and holding well.
- Resistance: $215.27, the immediate resistance level, which has capped the recent uptrend.
- Volume: Rising, suggesting strong buying interest, though a volume spike near resistance could hint at profit-taking.
3-Day Chart (3D):
- RSI: 82.14, still overbought, confirming that caution is needed for further price gains.
- MACD: Bullish crossover, supporting the continuation of the uptrend but signaling an overextended move.
- Support: $149.63, a stronger medium-term support in case of a retracement.
- Resistance: $215.27, with the next major resistance at $225.64.
Weekly Chart (1W):
- RSI: 73.57, still bullish but nearing overbought levels.
- MACD: Bullish momentum is building, and there’s room for further upside, although it is slowing slightly.
- Support: $149.63, with key support near $83.01 in case of a deeper correction.
- Resistance: $215.27, with $259.90 as the next critical resistance above.
Price Prediction:
- Short-term (1D): SOL/USDT is likely to test $215.27 resistance. If rejected, a pullback to $178.29 is possible due to overbought conditions. If it breaks $215.27, expect the price to aim for $225.64.
- Mid-term (3D): Consolidation between $178.29 and $215.27 is likely, with a potential breakout to $225.64 if volume remains high.
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