$SOL
Deep analysis of the SOL/USDT chart in the 4-hour timeframe🔎
1. Trend Overview 📉📈
•Current Price: $188.39.
•Price is in a downtrend after peaking at $264.39.
2. Bollinger Bands 📊
•Price is below the mid-band (188.54), indicating bearish momentum.
•Bands are contracting, signaling reduced volatility ahead.
3. Moving Averages (MA) 📏
•MA(5): $223.10 (above current price = bearish).
•MA(10): $306.67 (far from the price, reinforcing downtrend).
4. MACD 📈
•DIF (-3.67) is below DEA (-4.31) = bearish crossover.
•Histogram shows weakening bearish pressure but still no bullish signs yet.
5. KDJ Oscillator 📉
•K: 38.10, D: 41.01, J: 32.28 (below 50) = oversold region, but no confirmation of reversal.
6. Volume Analysis 📊
•Volume is declining, showing a lack of strong buying or selling pressure.
7. Support & Resistance 🚧
•Support: $161.00.
•Resistance: $193.52 (upper Bollinger band).
Conclusion & Strategy 🔍
•Bearish bias dominates; trend confirmation required.
•Watch for Bollinger mid-band break ($188.54) for bullish recovery.
•RSI and volume need to support for stronger signals!