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SOL/USDT - 1 Month In Overbought Zones (HOW???)

Short
SOLUSDT Perpetual Contract (BYBIT:SOLUSDT.P)  
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BYBIT:SOLUSDT.P   SOLUSDT Perpetual Contract
Trend Analysis Chart Patterns Beyond Technical Analysis solana SOL BTC Bitcoin (Cryptocurrency) overbought EMAS short
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trendanalysis chartpattern beyondta solana sol btc bitcoin overbought emas short
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
Commentaire:
snapshot

After 10% of dump on the coin the RSI has normalized, suggesting the market could be cooling off from its recent highs.
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