SOL/USDT - Summary: SOL is showing signs of recovery, currently testing important resistance levels.

Detailed Analysis:

Current Price: 195.12, up 4.64%.

Resistance: 197.37 (nearest peak).

Support: 190.69 (Bollinger Band average).

RSI: 55.27, in the neutral zone.

MACD: Negative histogram but showing signs of decreasing, indicating that selling pressure is weakening.

Trading Strategy:

Entry Point: 193-195 when the price corrects.

Take Profit: 200-202 (near the old peak).

Stop Loss: 189 if the price breaks down below support.

Note:

Trading volume is increasing, signaling the possibility of price continuing to accumulate before breaking out.

Further observation on the 4H chart to confirm the longer trend.

#SOL #Crypto #Analysis