$SOL The technical analysis of *SOL/USDT* on the *5-day (5D)* timeframe *let's see what we can find*
*1. Key levels identified:*
- *Major resistance:* ≈ *296* - *Upper range zone:* ≈ *210 to 296* - *Current price zone:* ≈ *127.32* - *Intermediate support zone:* ≈ *95–100* - *Major support zone:* ≈ *17–20*
*2. Possible scenarios (in blue on the chart) :*
*Bullish scenario:* - If the price bounces off the *100* zone, a reversal toward *210*, or even *296* (historical resistance) could occur. - This would require a bullish reversal signal on a confirmed support (e.g.: hammer candle, strong demand, bullish divergence...).
*Bearish scenario:* - If the support at *100* breaks, the price could drop sharply toward the *critical zone of $17–20*, the previous bottom of May 2024. - This would be a deep correction in a long-term cycle, likely in case of macro shock or loss of interest in the crypto market.
*3. KDJ indicator:* - *K: 12.55 | D: 15.13 | J: 7.38* → All indicators are in the *oversold* zone, which *suggests an imminent rebound potential*, but without clear confirmation for now.
*Conclusion:* - *Current trend:* short-term bearish *Zone to watch:* support around *95–100* - *Opportunity:* possible rebound if support holds - *Risk:* sharp decline if support breaks
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$SOL The technical analysis of *SOL/USDT* on the *5-day (5D)* timeframe *let's see what we can find*
*1. Key levels identified:*
- *Major resistance:* ≈ *296*
- *Upper range zone:* ≈ *210 to 296*
- *Current price zone:* ≈ *127.32*
- *Intermediate support zone:* ≈ *95–100*
- *Major support zone:* ≈ *17–20*
*2. Possible scenarios (in blue on the chart) :*
*Bullish scenario:*
- If the price bounces off the *100* zone, a reversal toward *210*, or even *296* (historical resistance) could occur.
- This would require a bullish reversal signal on a confirmed support (e.g.: hammer candle, strong demand, bullish divergence...).
*Bearish scenario:*
- If the support at *100* breaks, the price could drop sharply toward the *critical zone of $17–20*, the previous bottom of May 2024.
- This would be a deep correction in a long-term cycle, likely in case of macro shock or loss of interest in the crypto market.
*3. KDJ indicator:*
- *K: 12.55 | D: 15.13 | J: 7.38* → All indicators are in the *oversold* zone, which *suggests an imminent rebound potential*, but without clear confirmation for now.
*Conclusion:*
- *Current trend:* short-term bearish
*Zone to watch:* support around *95–100*
- *Opportunity:* possible rebound if support holds
- *Risk:* sharp decline if support breaks
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