#AI-driven 7-day #TechnicalAnalysis for $SOL & the #SolanaCommunity 24/8/23, powered by.

25 Aug 2023, 16:33

📊 #AI-driven 7-day #TechnicalAnalysis for $SOL & the #SolanaCommunity 24/8/23, powered by The #Solana market outlook for next 7 days is mixed with a slight #bearish slant. Let's dive in and see why... Price: Began the week at $21.67 and ended around $21.06 [Bearish] 🐻 Moving Average: 7-day moving average started higher and gradually decreased [Bearish] 🐻 Relative Strength Index (RSI): #RSI went from a low-mid range and slightly increased by the end of the week [Neutral] 😐 On-balance #Volume (OBV): OBV fluctuated throughout the week without a clear trend [Neutral] 😐 Average directional index (ADX): ADX increasing, suggesting a strengthening trend [Neutral] 😐 MACD: #MACD consistently below signal line and declining [Bearish] 🐻 Stochastic: SlowK rising from oversold towards overbought territory [#Bullish] 🐂 Fibonacci Retracement Levels: Price fluctuated between various #Fibonacci levels without a clear breakout or breakdown [Neutral] 😐 TD Sequential: Count reset, suggesting potential change in price momentum [Neutral] 😐 Bearish Confirmation Occurrences: The decreasing moving average and price trend can be seen as a confirmation of a bearish sentiment 🐻 --------------- provides AI-driven forecasts, #CryptoAnalytics, & market insights for #Bitcoin #ETH #BNB #ADA #MATIC #DOGE #SOL #DOT #LTC #AVAX & #Chainlink #CryptoInsights & #TradingTips, not trading or financial advice.