SOLANA - SOL/USDT - 1H - Technical analysis published on 02/18/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 175.19 USDT
My targets
166.92 USDT (-0.93%)
158.14 USDT (-6.14%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SOLANA - SOL/USDT as long as the price remains well below 175.19 USDT. The sellers' bearish objective is set at 166.92 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 158.14 USDT. In case of crossing, the next objective would be the support located at 139.04 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
7.5
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
The SOLANA - SOL/USDT price is 168.49 USDT. The price registered a decrease of -5.25% on the session and was between 163.84 USDT and 178.97 USDT. This implies that the price is at +2.84% from its lowest and at -5.86% from its highest.163.84
178.97
168.49
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SOLANA - SOL/USDT in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
Downside gap
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 125.38 | 139.04 | 158.14 | 168.49 | 175.19 | 180.12 | 189.48 |
| Change (%) | -25.59% | -17.48% | -6.14% | - | +3.98% | +6.90% | +12.46% |
| Change | -43.11 | -29.45 | -10.35 | - | +6.70 | +11.63 | +20.99 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 157.97 | 166.58 | 172.20 | 180.81 | 186.43 | 195.04 | 200.66 |
| Camarilla | 173.91 | 175.21 | 176.52 | 177.82 | 179.12 | 180.43 | 181.73 |
| Woodie | 156.48 | 165.83 | 170.71 | 180.06 | 184.94 | 194.29 | 199.17 |
| Fibonacci | 166.58 | 172.02 | 175.37 | 180.81 | 186.25 | 189.60 | 195.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 166.92 | 178.16 | 186.26 | 197.50 | 205.60 | 216.84 | 224.94 |
| Camarilla | 189.05 | 190.82 | 192.60 | 194.37 | 196.14 | 197.92 | 199.69 |
| Woodie | 165.36 | 177.38 | 184.70 | 196.72 | 204.04 | 216.06 | 223.38 |
| Fibonacci | 178.16 | 185.55 | 190.11 | 197.50 | 204.89 | 209.45 | 216.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.34 | 109.43 | 170.51 | 232.60 | 293.68 | 355.77 | 416.85 |
| Camarilla | 197.72 | 209.01 | 220.30 | 231.59 | 242.88 | 254.17 | 265.46 |
| Woodie | 46.84 | 109.18 | 170.01 | 232.35 | 293.18 | 355.52 | 416.35 |
| Fibonacci | 109.43 | 156.48 | 185.55 | 232.60 | 279.65 | 308.72 | 355.77 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 22.17 | |
| MACD (12,26,9): | -4.3600 | |
| Directional Movement: | -46.85 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 170.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 174.48 | |
| Elder Ray (13): | -7.23 | |
| Super Trend (3,10): | 173.49 | |
| Zig ZAG (10): | 166.50 | |
| VORTEX (21): | 0.6400 | |
| Stochastique (14,3,5): | 9.49 | |
| TEMA (21): | 168.69 | |
| Williams %R (14): | -86.94 | |
| Chande Momentum Oscillator (20): | -12.46 | |
| Repulse (5,40,3): | -2.8900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2600 | |
| Courbe Coppock: | 9.63 |
| MA7: | 188.24 | |
| MA20: | 200.27 | |
| MA50: | 211.55 | |
| MA100: | 216.22 | |
| MAexp7: | 170.49 | |
| MAexp20: | 175.82 | |
| MAexp50: | 182.04 | |
| MAexp100: | 187.11 | |
| Price / MA7: | -10.49% | |
| Price / MA20: | -15.87% | |
| Price / MA50: | -20.35% | |
| Price / MA100: | -22.07% | |
| Price / MAexp7: | -1.17% | |
| Price / MAexp20: | -4.17% | |
| Price / MAexp50: | -7.44% | |
| Price / MAexp100: | -9.95% |
Quotes :
-
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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