Hi, let's check out what's happening on the SOL chart against USDT on a four-hour time frame. We will start by marking the white lines of the sideways trendline, while using the yellow line we will mark the local downtrend line where the price is moving.
Moving forward, we will check what support should be considered. As you can see we have the first support at $11.80, if the support is broken and the price drops below the channel, we have the support at $10.94 which is where the low is kept and when the price goes further down we can see around 8.46 $.
Look at the other side of the picture we have the first resistance at $12.46, the second resistance at $12.94, the third at $13.35 and then we have the exit zone from $13.71 to $14.27 , only when the price goes and tests well, check yourself the way to an upward exit from the channel and growth.
I am asking for a number for a volume that is very low with a slight advantage of sellers. The CHOP index indicates that some of the energy coming from the use is still a bit on the move, the MACD actually remains in a downward trend, while the RSI shows a visible rebound, which may trigger a breather and price increase.
Moving forward, we will check what support should be considered. As you can see we have the first support at $11.80, if the support is broken and the price drops below the channel, we have the support at $10.94 which is where the low is kept and when the price goes further down we can see around 8.46 $.
Look at the other side of the picture we have the first resistance at $12.46, the second resistance at $12.94, the third at $13.35 and then we have the exit zone from $13.71 to $14.27 , only when the price goes and tests well, check yourself the way to an upward exit from the channel and growth.
I am asking for a number for a volume that is very low with a slight advantage of sellers. The CHOP index indicates that some of the energy coming from the use is still a bit on the move, the MACD actually remains in a downward trend, while the RSI shows a visible rebound, which may trigger a breather and price increase.