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#sol#
📊 SOL Today's Market Analysis
Current price: $175.75 💰
24-hour change: -4.59% 📉
7-day change: +4.68% 📈
Technical Analysis 🔍
RSI(14): 41.57, in a neutral weak area
The price has fallen below the EMA12($176.03) and EMA20($176.98), indicating a weakening short-term trend.
Super Trend Indicator continues to show bearish signals
The support level of the middle band in the Bollinger Bands at $176.77 has been lost.
Key News 📰
FTX/Alameda unpledged 190,000 SOL and distributed it to 29 addresses ⚠️
Three major whales transferred 226,000 SOL to the exchange within 24 hours, showing significant selling pressure 🐋
OSL Hong Kong has been approved to open SOL retail trading services 🇭🇰
Future trend prediction 🎯
Short-term bearish: A large influx of SOL into exchanges creates selling pressure, and technical indicators are weak.
Key support: $173.60-$174.00 area
Resistance level: $177.00-$178.00
Trading Suggestions 💡
It is recommended to wait and observe or to short with a light position, and consider buying opportunities after it breaks below the $173 support and further declines near $170.