Based on the 30-minute chart for SOL/USDT, the price is currently trading at 80.83, below the 44-period SMA (81.48), indicating bearish pressure. Key resistance lies at the SMA, while support is at 80.00 and lower. The recent downtrend from 86.50 suggests further downside potential. A short trade is recommended on a retracement to the moving average.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Based on the 30-minute chart for SOL/USDT, the price is currently trading at 80.83, below the 44-period SMA (81.48), indicating bearish pressure. Key resistance lies at the SMA, while support is at 80.00 and lower. The recent downtrend from 86.50 suggests further downside potential. A short trade is recommended on a retracement to the moving average.
**Entry Point:** 81.48 (SMA44)
**Stop Loss:** 81.80 (above recent high)
**Take Profit:** 80.00 (next support level)