SOL/USDT 1DInterval Resistance and Support
Hello everyone, let's look at the SOL to USDT chart on a single day timeframe. As you can see, the price is moving above the uptrend line.
Let's start with the support line and as you can see the first support in the near term is $23.40, if the support is broken then the next support is $21.78, $20.44 and $19.10.
Now let's move to the resistance line, as you can see the first resistance is $26.38, if you manage to break it, the next resistance will be $27.84, $29.04 and $30.21.
Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates an ongoing uptrend, while the RSI is moving at the upper limit, which means that the price may recover more.
Let's start with the support line and as you can see the first support in the near term is $23.40, if the support is broken then the next support is $21.78, $20.44 and $19.10.
Now let's move to the resistance line, as you can see the first resistance is $26.38, if you manage to break it, the next resistance will be $27.84, $29.04 and $30.21.
Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates an ongoing uptrend, while the RSI is moving at the upper limit, which means that the price may recover more.
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