SOLANA - SOL/USD - 1H - Technical analysis published on 02/16/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 193.68 USD
My targets
180.14 USD (-4.70%)
165.31 USD (-12.55%)
My analysis
SOLANA - SOL/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 193.68 USD. The next support located at 180.14 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 165.31 USD. Below this support, sellers could then target 158.12 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by evilest_penguin. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SOLANA - SOL/USD rating 189.03 USD. On the day, this instrument lost -2.82% and was traded between 187.81 USD and 196.22 USD over the period. The price is currently at +0.65% from its lowest and -3.66% from its highest.187.81
196.22
189.03
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of SOLANA - SOL/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 139.06 | 158.12 | 180.14 | 189.03 | 189.07 | 193.68 | 196.53 |
| Change (%) | -26.43% | -16.35% | -4.70% | - | +0.02% | +2.46% | +3.97% |
| Change | -49.97 | -30.91 | -8.89 | - | +0.04 | +4.65 | +7.50 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 183.64 | 188.15 | 191.33 | 195.84 | 199.02 | 203.53 | 206.71 |
| Camarilla | 192.41 | 193.11 | 193.82 | 194.52 | 195.23 | 195.93 | 196.64 |
| Woodie | 182.99 | 187.82 | 190.68 | 195.51 | 198.37 | 203.20 | 206.06 |
| Fibonacci | 188.15 | 191.08 | 192.90 | 195.84 | 198.77 | 200.59 | 203.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 165.31 | 176.96 | 185.74 | 197.39 | 206.17 | 217.82 | 226.60 |
| Camarilla | 188.90 | 190.78 | 192.65 | 194.52 | 196.39 | 198.27 | 200.14 |
| Woodie | 163.88 | 176.24 | 184.31 | 196.67 | 204.74 | 217.10 | 225.17 |
| Fibonacci | 176.96 | 184.76 | 189.59 | 197.39 | 205.19 | 210.02 | 217.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.17 | 106.24 | 168.97 | 232.04 | 294.77 | 357.84 | 420.57 |
| Camarilla | 197.12 | 208.65 | 220.18 | 231.71 | 243.24 | 254.77 | 266.31 |
| Woodie | 43.01 | 106.16 | 168.81 | 231.96 | 294.61 | 357.76 | 420.41 |
| Fibonacci | 106.24 | 154.29 | 183.98 | 232.04 | 280.09 | 309.78 | 357.84 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 29.15 | |
| MACD (12,26,9): | -1.5300 | |
| Directional Movement: | -27.99 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 190.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 192.99 | |
| Elder Ray (13): | -1.98 | |
| Super Trend (3,10): | 193.31 | |
| Zig ZAG (10): | 189.14 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 15.09 | |
| TEMA (21): | 189.47 | |
| Williams %R (14): | -83.47 | |
| Chande Momentum Oscillator (20): | -3.75 | |
| Repulse (5,40,3): | -0.4600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 4.31 |
| MA7: | 196.09 | |
| MA20: | 205.75 | |
| MA50: | 212.19 | |
| MA100: | 216.88 | |
| MAexp7: | 190.22 | |
| MAexp20: | 192.06 | |
| MAexp50: | 194.01 | |
| MAexp100: | 195.24 | |
| Price / MA7: | -3.60% | |
| Price / MA20: | -8.13% | |
| Price / MA50: | -10.91% | |
| Price / MA100: | -12.84% | |
| Price / MAexp7: | -0.63% | |
| Price / MAexp20: | -1.58% | |
| Price / MAexp50: | -2.57% | |
| Price / MAexp100: | -3.18% |
Quotes :
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Real time data
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CoinMarketCap
This member declared not having a position on this financial instrument or a related financial instrument.
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