SOL/USDT - 1 Month In Overbought Zones (HOW???)
Currently in an overbought state for an extended period, the coin hints at an impending corrective move. If the overbought conditions lead to a reversal, we may expect SOL to visit the first support level. A further decline could bring into play the second support, which seems more probable given the setup.
We see that 1 Month RSI has been in overbought zones and no major corrections were during that day (which is strange) - we are looking here for a potential good short setup to happen soon!!
Swallow Team
We see that 1 Month RSI has been in overbought zones and no major corrections were during that day (which is strange) - we are looking here for a potential good short setup to happen soon!!
Swallow Team
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After 10% of dump on the coin the RSI has normalized, suggesting the market could be cooling off from its recent highs.