To perform a chart analysis and propose recommendations based on the Solana (SOL/USDT) chart, here are some key points to look at in the image:

1. Current Trend:

Current Price: The price is at 163.58 USDT, showing a drop of -1.60% in the last 24 hours.

Price Range: The chart appears to indicate a range between around 150 and 200 USDT, with resistance near 200 USDT and support near 150 USDT.

Technical Indicators:

Stoch RSI: It is high, with values ​​of 81.30 and 90.60, indicating that the asset may be in an overbought zone, which could suggest a short-term correction.

MACD: The positive value of 2.06 suggests that the momentum is still slightly bullish, but the proximity to the signal line (1.07) warns of a possible weakening of the bullish momentum.

2. Historical Performance:

The year-to-date performance is positive, with a gain of 304.80%, indicating that the asset has shown significant appreciation, although in the last 7 days it has registered a slight correction of -4.65%.

3. Potential Impact of US Elections:

The results of major elections, such as those in the US, often influence the financial market as a whole, and can lead to volatile movements in the short term, especially for risky assets such as cryptocurrencies. A victory by a more pro-regulation party could negatively affect crypto in the short term, while a more favorable view of the technology sector could boost the market.

4. Recommendations:

Short-term: As the Stoch RSI suggests overbought, a short strategy to capture potential corrections may be interesting. If the asset approaches 150 USDT, a buy at this support could be a good reversal strategy.

Medium Term: If the indicators continue to rise and there are signs of support in the MACD, it is possible to maintain a buy position. However, it is suggested to pay attention to the resistance around 200 USDT, which can be a point for profit taking.

Election Impact: If the political scenario favors the continuation of the rise in risk assets, Solana could surpass the 200 USDT resistance. On the other hand, if there are political changes that bring greater regulation to the cryptocurrency market, the 150 USDT support could be tested.

These analyses and recommendations are based on the visual data in the chart and the potential impacts of the elections, but the scenario can change quickly. Keep an eye on the indicators. If you liked your like, like and share it with your investor friend who will be happy to help you in a possible decision-making process.

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