đš SOL/USDT: Is a Bounce Back on the Horizon? đ
**Current Price:** $142.82 (Down 8.05%)
SOL is facing a sharp decline, but could a comeback be in sight? Hereâs what the key indicators are signaling:
- **Bollinger Bands:** SOL is near the lower band â oversold territory! If buying kicks in, a bounce to around $145.86 is possible. However, a continued drop could target $137.52.
- **MACD:** Bearish crossover in play! Momentum suggests further downside unless we see a reversal soon.
- **RSI:** Hovering near oversold (30-35 range). Watch for a move above 40, which could signal buying interest and a potential rebound.
- **Williams %R:** Deep in oversold territory (-73.89). A short-term bounce is on the cards if buyers step up!
**Predicted Movement:**
- **Bullish Target:** Break above $146.17 could push SOL towards $150-$155 or even $160.
- **Bearish Target:** Drop below $140.53 might lead to $135 or $130.
**Bottom Line:** Keep an eye on $146.17 for bullish action, or watch out for further dips below $140.53!