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 03/02/2025 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 167.42 USDT

My targets

180.12 USDT (+3.30%)

194.44 USDT (+11.52%)

My analysis

The bullish trend is currently very strong on SOLANA - SOL/USDT. As long as the price remains above the support at 167.42 USDT, you could try to benefit from the boom. 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 194.44 USDT as an objective. Crossing it would then enable buyers to target 202.47 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.6

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 174.36 USDT. On the day, this instrument gained +21.55% and was traded between 140.37 USDT and 174.36 USDT over the period. The price is currently at +24.21% from its lowest and 0% from its highest.

140.37

174.36

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this SOLANA - SOL/USDT chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
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

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

Long white line

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	146.93	158.14	167.42	174.36	180.12	202.47	226.52
Change (%)	-15.73%	-9.30%	-3.98%	-	+3.30%	+16.12%	+29.92%
Change	-27.43	-16.22	-6.94	-	+5.76	+28.11	+52.16
Level	Intermediate	Intermediate	Major	-	Major	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	125.93	132.33	137.89	144.29	149.85	156.25	161.81
Camarilla	140.16	141.26	142.35	143.45	144.55	145.64	146.74
Woodie	125.51	132.12	137.47	144.08	149.43	156.04	161.39
Fibonacci	132.33	136.90	139.72	144.29	148.86	151.68	156.25

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	74.91	100.40	121.93	147.42	168.95	194.44	215.97
Camarilla	130.52	134.83	139.14	143.45	147.76	152.07	156.38
Woodie	72.92	99.41	119.94	146.43	166.96	193.45	213.98
Fibonacci	100.40	118.37	129.46	147.42	165.39	176.48	194.44

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-3.30	61.30	104.66	169.26	212.62	277.22	320.58
Camarilla	118.33	128.23	138.12	148.02	157.92	167.81	177.71
Woodie	-13.92	55.99	94.04	163.95	202.00	271.91	309.96
Fibonacci	61.30	102.54	128.02	169.26	210.50	235.98	277.22

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):	75.56
MACD (12,26,9):	2.0000
Directional Movement:	46.61
AROON (14):	7.15
DEMA (21):	147.48
Parabolic SAR (0,02-0,02-0,2):	140.37
Elder Ray (13):	10.27
Super Trend (3,10):	148.09
Zig ZAG (10):	156.76
VORTEX (21):	1.3500
Stochastique (14,3,5):	55.59
TEMA (21):	149.00
Williams %R (14):	-19.10
Chande Momentum Oscillator (20):	13.31
Repulse (5,40,3):	7.5000
ROCnROLL:	1
TRIX (15,9):	0.0700
Courbe Coppock:	5.77

MA7:	144.16
MA20:	168.99
MA50:	200.45
MA100:	207.32
MAexp7:	149.25
MAexp20:	145.34
MAexp50:	143.30
MAexp100:	143.39
Price / MA7:	+20.95%
Price / MA20:	+3.18%
Price / MA50:	-13.02%
Price / MA100:	-15.90%
Price / MAexp7:	+16.82%
Price / MAexp20:	+19.97%
Price / MAexp50:	+21.67%
Price / MAexp100:	+21.60%

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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