SOLANA - SOL/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	SOLUSDT
ISIN:

SOLANA - SOL/USDT - 1H - Technical analysis published on 02/20/2025 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

61%

39%

My opinion

Bullish above 168.47 USDT

My targets

174.08 USDT (+1.17%)

180.12 USDT (+4.68%)

My analysis

The current short-term bullish acceleration on SOLANA - SOL/USDT should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 168.47 USDT. Short-term buyers will use the resistance located at 174.08 USDT as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 180.12 USDT. Crossing this resistance would then open the door for buyers to target 189.50 USDT. Caution, if there is a return to under 168.47 USDT, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.4

Comment on the analysis

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/USDT rating 172.06 USDT. On the day, this instrument gained +1.68% and was between 167.91 USDT and 174.33 USDT. This implies that the price is at +2.47% from its lowest and at -1.30% from its highest.

167.91

174.33

172.06

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of SOLANA - SOL/USDT indicates that the overall trend is not clearly defined. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, 11 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:

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 a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	158.14	164.10	168.47	172.06	174.08	180.12	189.50
Change (%)	-8.09%	-4.63%	-2.09%	-	+1.17%	+4.68%	+10.14%
Change	-13.92	-7.96	-3.59	-	+2.02	+8.06	+17.44
Level	Intermediate	Major	Minor	-	Minor	Major	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	154.32	159.25	164.23	169.16	174.14	179.07	184.05
Camarilla	166.50	167.40	168.31	169.22	170.13	171.04	171.95
Woodie	154.36	159.26	164.27	169.17	174.18	179.08	184.09
Fibonacci	159.25	163.03	165.37	169.16	172.94	175.28	179.07

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.03
MACD (12,26,9):	0.6900
Directional Movement:	6.29
AROON (14):	42.86
DEMA (21):	171.65
Parabolic SAR (0,02-0,02-0,2):	169.00
Elder Ray (13):	0.81
Super Trend (3,10):	167.51
Zig ZAG (10):	172.16
VORTEX (21):	0.9900
Stochastique (14,3,5):	71.14
TEMA (21):	172.67
Williams %R (14):	-30.79
Chande Momentum Oscillator (20):	5.03
Repulse (5,40,3):	0.4300
ROCnROLL:	-1
TRIX (15,9):	0.0400
Courbe Coppock:	3.02

MA7:	181.54
MA20:	193.94
MA50:	210.75
MA100:	215.32
MAexp7:	171.83
MAexp20:	170.92
MAexp50:	171.65
MAexp100:	176.21
Price / MA7:	-5.22%
Price / MA20:	-11.28%
Price / MA50:	-18.36%
Price / MA100:	-20.09%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.67%
Price / MAexp50:	+0.24%
Price / MAexp100:	-2.36%

Quotes : - Real time data - CoinMarketCap

This member declared not having a position on this financial instrument or a related financial instrument.

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