$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!