The current SOL/USDT price is at 134.05 USDT, down slightly by around -0.17%. If you look at the last 24 hours, the highest SOL price was at 136.78 USDT and the lowest at 133.18 USDT. So it can be said that the price is stable, there has been no major spike or drop.
1. Bollinger Bands (BOLL): Here, Bollinger Bands are used to see price volatility. The upper number is at 137.05 and the lower number is at 131.30. Well, the current price is in the middle, around 134.17, meaning that the SOL price is in a stable zone and there are no signs of a breakout (drastic spike) up or down.
2. Trading Volume: The volume of SOL in this trade is quite busy, around 206,536,590. But if you look at the MA(5) line at 254.43M and MA(10) at 309.08M, the volume has recently decreased. So even though trading is active, the price hasn't been very volatile.
3. SOL Performance Over Various Time Frames: In the last week, SOL rose by around 3.08%, but in the last month it fell to -10.24%. Even in the last 180 days (half a year), SOL also fell by -30.46%. But make no mistake, in the last year, SOL has actually gone up like crazy, up to 628.59%! So if you look at it in the long term, SOL is still an interesting crypto to monitor
4. Candlestick and 4 Hour Timeframe: The timeframe chosen here is 4 hours (4h), which is suitable for those of you who like short-term trading. From the candlestick, there are several times when the volume is large but the price only shifts slightly, meaning the price is consolidating. This could be a moment to wait for a breakout
5. Market Sentiment: Currently, 49.04% of people are in the buy position, while 50.96% are in the sell position. This is a sign that the market is still neutral, no one is too optimistic or pessimistic
SOL is currently in a consolidation phase, meaning there haven't been many drastic movements. If you're looking for a moment to buy or sell, you can keep an eye on it, especially if there is a candlestick that breaks through the upper or lower limits of the Bollinger Bands—that could be a sign of a breakout. On the other hand, SOL has a history of crazy performance in the past year
