Analysis Hour:
11:38 CEST, April 13, 2024: SOLUSDT is trading at 150.86. The price is below the 155.00 resistance level. If the price breaks this level down, the downtrend is likely to continue and test the 145.47 support level.
Overview:
SOLUSDT is trading at 150.86.
It has decreased by 1.50% in the last 24 hours.
The volume is 3.4 million SOL and 513.164 million USDT.
In the last 7-day candlestick chart, SOLUSDT is in an upward trend.
In the last 24-hour candlestick chart, SOLUSDT is in a downward trend.
Technical Indicators:
Moving Averages:
MA(7): 168.90
MA(25): 181.01
MA(99): 131.38
Support and Resistance Levels:
Support: 145.47, 140.00, 120.00
Resistance: 155.00, 180.00, 210.18
Analysis:
SOLUSDT has decreased by 1.50% in the last 24 hours. However, it is in an upward trend in the last 7-day candlestick chart.
Recommendations:
Short-Term: If the price breaks above the 155.00 resistance level, a buy signal may occur.
Long-Term: SOLUSDT is in an upward trend in the last 7-day candlestick chart. If this trend continues, the price is likely to test the 180.00 and 210.18 resistance levels.
Warnings:
This analysis is for informational purposes only and is not investment advice.
It is important to do your own research and consult a financial advisor before making any investment decisions.
Cryptocurrency markets are highly volatile and you risk losing all your money.
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I hope this analysis was helpful.
