SOLANA - SOL/USDT - 1H - Technical analysis published on 02/21/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 176.25 USDT
My targets
180.12 USDT (+0.98%)
189.46 USDT (+6.21%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on SOLANA - SOL/USDT. This is a positive signal for buyers. As long as the price remains above 176.25 USDT, a purchase could be considered. The first bullish objective is located at 180.12 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 189.46 USDT as an objective. Crossing it would then enable buyers to target 196.12 USDT. In the event of a return below 176.25 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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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 rating is 178.38 USDT. The price registered an increase of +1.37% on the session and was traded between 173.16 USDT and 179.80 USDT over the period. The price is currently at +3.01% from its lowest and -0.79% from its highest.173.16
179.80
178.38
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this SOLANA - SOL/USDT chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 158.14 | 171.43 | 176.25 | 178.38 | 180.12 | 189.46 | 196.12 |
| Change (%) | -11.35% | -3.90% | -1.19% | - | +0.98% | +6.21% | +9.95% |
| Change | -20.24 | -6.95 | -2.13 | - | +1.74 | +11.08 | +17.74 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | Minor |
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 | 162.04 | 164.98 | 170.47 | 173.41 | 178.90 | 181.84 | 187.33 |
| Camarilla | 173.65 | 174.43 | 175.20 | 175.97 | 176.74 | 177.52 | 178.29 |
| Woodie | 163.33 | 165.62 | 171.76 | 174.05 | 180.19 | 182.48 | 188.62 |
| Fibonacci | 164.98 | 168.20 | 170.19 | 173.41 | 176.63 | 178.62 | 181.84 |
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): | 65.25 | |
| MACD (12,26,9): | 1.2200 | |
| Directional Movement: | 28.67 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 176.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 173.27 | |
| Elder Ray (13): | 2.06 | |
| Super Trend (3,10): | 173.29 | |
| Zig ZAG (10): | 177.35 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 69.96 | |
| TEMA (21): | 176.86 | |
| Williams %R (14): | -35.54 | |
| Chande Momentum Oscillator (20): | 3.58 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 2.59 |
| MA7: | 178.98 | |
| MA20: | 192.31 | |
| MA50: | 210.22 | |
| MA100: | 214.99 | |
| MAexp7: | 176.37 | |
| MAexp20: | 174.83 | |
| MAexp50: | 173.56 | |
| MAexp100: | 175.49 | |
| Price / MA7: | -0.34% | |
| Price / MA20: | -7.24% | |
| Price / MA50: | -15.15% | |
| Price / MA100: | -17.03% | |
| Price / MAexp7: | +1.14% | |
| Price / MAexp20: | +2.03% | |
| Price / MAexp50: | +2.78% | |
| Price / MAexp100: | +1.65% |
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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