$SOL 🟣 SOLUSDT Technical Analysis
📅 Daily (1D)
Overall Trend
Bias: Neutral to Slightly Bullish (within a larger bearish trend)
The Daily chart shows that Solana has stopped making aggressive lower lows after the sharp decline from its highs. Instead, price has entered an accumulation phase around the same support region.
Unlike ETH and BNB, SOL has managed to hold its major support and is no longer falling with the same momentum.
Moving Averages
• MA(7): Above MA(25) ✔️
• MA(25): Still below MA(99)
• Price: Above the 7 MA and 25 MA but below the 99 MA.
This tells us:
• Short-term buyers are gaining strength.
• Long-term trend hasn’t officially turned bullish yet.
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Market Structure
The larger structure is still:
• Lower Highs
• Lower Lows
However, the recent candles suggest the beginning of a base-building phase.
This is usually where institutions begin accumulating if they believe the downside is limited. Volume
Volume is relatively low compared to the large sell-off.
This usually means:
• Sellers are becoming exhausted.
• Buyers are waiting for confirmation.
A future breakout with rising volume would carry more weight than the current sideways movement.
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⏰ 4-Hour Analysis
Trend
Neutral with a slight bullish bias.
The 4H chart looks healthier than the Daily.
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Market Structure
Recently the chart has started printing:
✔ Higher Lows
The highs, however, are still struggling to break decisively higher.
This creates compression between buyers and sellers.
Pattern
The clearest pattern is an Ascending Triangle / Compression Pattern.
Each dip is bought slightly higher than the previous one while resistance remains in roughly the same area.
This shows:
• Buyers are becoming more aggressive.
• Sellers are defending resistance.
Eventually, one side is likely to take control.
The 7 MA, 25 MA, and 99 MA are close together.
When major moving averages compress like this, it often signals that volatility has decreased and a larger move may follow.
#SolanaStrong