Analyzing the SOL/USDT across multiple timeframes, we observe a consistent upward momentum, particularly evident in the shorter timeframes (1H, 15M, 5M, and 1M). The 1D and 4H charts show a recent recovery from a downward trend, indicating a potential shift in market sentiment or a retracement phase.
1D Chart: The daily chart shows a series of bearish and bullish candles with recent bullish activity suggesting a potential reversal or pullback from previous lows.
4H Chart: This timeframe shows more granularity in the recovery, highlighting a resistance-turned-support level around $142, which has been retested and held as support.
1H Chart: A strong bullish impulse is visible, breaking past previous minor highs, suggesting an increase in buying pressure.
15M Chart: This chart shows a continuation of the bullish momentum with higher highs and higher lows, a classic sign of an uptrend.
5M and 1M Charts: Both these timeframes show detailed price action within the bullish trend, with the 5M chart beginning to form a pullback.
1D Chart: The daily chart shows a series of bearish and bullish candles with recent bullish activity suggesting a potential reversal or pullback from previous lows.
4H Chart: This timeframe shows more granularity in the recovery, highlighting a resistance-turned-support level around $142, which has been retested and held as support.
1H Chart: A strong bullish impulse is visible, breaking past previous minor highs, suggesting an increase in buying pressure.
15M Chart: This chart shows a continuation of the bullish momentum with higher highs and higher lows, a classic sign of an uptrend.
5M and 1M Charts: Both these timeframes show detailed price action within the bullish trend, with the 5M chart beginning to form a pullback.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.