$RAD /USDT

The 4-hour chart for SOL/USDT on Binance displays a notable surge and subsequent correction. Recently, SOL hit a high of 1.685, marking a strong upward momentum before facing resistance. Currently, the price is around 1.335, indicating a pullback.

1. Moving Averages:

- MA(7): 1.292

- MA(25): 1.367

- MA(99): 1.289

The price has surpassed the 99-period MA, suggesting a potential bullish trend. However, the 25-period MA at 1.367 is acting as immediate resistance.

2. Volume:

- The volume spike during the price surge indicates strong buying interest.

- Current volume shows decreased activity, reflecting consolidation after the surge.

3. Support & Resistance:

- Support: Immediate support is seen at the 1.266 level, aligned with the recent consolidation zone.

- Resistance: The primary resistance is at 1.491, a previous high point. Breaking above this could signal further upward momentum.

4. MACD & RSI: (Assumed indicators not visible in the chart)

- MACD may show bullish crossover, reinforcing the upward potential.

- RSI is likely near overbought levels, cautioning about a potential short-term correction.

Conclusion:

Traders should watch for a breakout above 1.491 to confirm further bullish movement. A failure to sustain above 1.266 might signal a deeper correction. Monitoring volume and additional indicators like MACD and RSI will provide more clarity on the trend's strength.#US_Inflation_Easing_Alert #MiCA #IntroToCopytrading #VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions