TOTAL3 Faces Critical Resistance Level Challenge
- Market Structure Stabilization: The TOTAL3 index has shown a series of higher lows over the past few months, indicating that selling pressure in the overall market may be gradually easing, laying the groundwork for potential rebounds.
- Bitcoin Dominance Weakens: The decline in Bitcoin dominance typically signals a shift of capital to other assets; although we have not yet reached a full altseason, preliminary changes in market liquidity are underway.
- Critical Resistance Level Analysis: The $1.48 trillion resistance level is viewed as a decisive threshold for the market, with a breakout above this level likely validating the current bullish structure, while failure to break could lead to short-term pullbacks.
- Focus on Five Altcoins: Altcoins like Gigachad (GIGA) and Turbo (TURBO) are gaining attention due to their active community dynamics and unique development histories, while Solana (SOL) and Tezos (XTZ) are noted for their high network traffic and stable growth trajectories.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 69.389 | 73.884 | 78.679 | 83.174 | 87.969 | 92.464 | 97.259 |
| Fibonacci | 73.884 | 77.433 | 79.626 | 83.174 | 86.723 | 88.916 | 92.464 |
About SOL
About the author
