SOLUSDT | Marketoutlook
Updated
Summary:
• SOL/USD Movement:
• Trading within a medium-term descending channel.
• Resistance zone: 157.40–162.50 (23.6% Fibonacci & Murrey [+2/8]). A breakout above could lead to further growth toward 175.00 and 185.80 (July highs).
• Support zone: If the price falls below 147.60 (central Bollinger Band), it could decline toward 131.25 (38.2% Fibonacci & Murrey [5/8]) and 125.00 (Murrey [4/8]).
• Technical Indicators:
• Bollinger Bands: Horizontal, signaling consolidation.
• Stochastic: Preparing to exit the overbought zone, indicating a potential sell signal.
• MACD: Increasing in the positive zone.
• Trend Outlook:
• With the long-term downtrend intact, further decline in the near future appears more likely.
• SOL/USD Movement:
• Trading within a medium-term descending channel.
• Resistance zone: 157.40–162.50 (23.6% Fibonacci & Murrey [+2/8]). A breakout above could lead to further growth toward 175.00 and 185.80 (July highs).
• Support zone: If the price falls below 147.60 (central Bollinger Band), it could decline toward 131.25 (38.2% Fibonacci & Murrey [5/8]) and 125.00 (Murrey [4/8]).
• Technical Indicators:
• Bollinger Bands: Horizontal, signaling consolidation.
• Stochastic: Preparing to exit the overbought zone, indicating a potential sell signal.
• MACD: Increasing in the positive zone.
• Trend Outlook:
• With the long-term downtrend intact, further decline in the near future appears more likely.
Trade closed: target reached
Expected target reached.
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