SOL/USDT has fallen 30% in value, returning to 30 days ago. In the analysis, all currencies are following the same pattern. Follow along.

Key information:

Current price: 184.88 USDT (down 4.99%)

High in the last 24h: 201.98 USDT

Low in the last 24h: 181.66 USDT

Volume in 24h: 5.27 million SOL (or 1.01 billion USDT)

Indicators:

1. Bollinger Bands (BOLL):

Upper limit: ~257.03

Average: ~176.00

Lower limit: ~94.97

The current price is close to the middle of the Bollinger band, indicating possible stability or reversal. Volatility seems to be decreasing.

2. MACD:

DIF Line: 21.50

DEA Line: 18.38

MACD: 3.12

Although DIF is above DEA (a slightly positive sign), the histogram suggests a loss of momentum at the moment.

3. RSI (Relative Strength Index):

RSI(6): 40.14

The price is in a lower neutral zone. If the RSI drops below 30, it could indicate oversold, signaling a possible bullish reversal.

4. Volume:

Recent volume has not shown any major spikes, which suggests that there is no strong bullish or bearish movement being driven by large volumes.

Context:

The price of SOL is coming off a decline after hitting the local high of 201.98 USDT. This pullback could be a natural correction after the rally.

Nearby support: ~181.66 (24h low).

Potential resistance: ~201.98 (24h high).

Possible strategies:

1. If you plan to buy:

Wait to see if the price retests the support (~181.66) or look for reversal signals on the RSI or MACD.

Consider splitting your entry to minimize risk.

2. If you are already positioned:

Monitor nearby support and resistance.

A break above 201.98 may indicate bullish continuation, while a loss of 181.66 may bring further declines.

follow crypto universe