#May Market Outlook#

📈 May Forecast: What Awaits SOL/USDT?
May is an interesting month for the cryptocurrency market, and SOL/USDT is no exception! In the daily chart, it is clear that after reaching its peak at 295.88 at the end of December, SOL moved into a downward trend, dropping to 95.25. Currently, the price is trading around 146.94, which is below the key moving averages (EMA5: 147.93, EMA10: 146.94, EMA20: 142.83).
May Forecast:
If SOL maintains a level above 142.83 (EMA20), the price is likely to rise to 155-160, as MA100 (155.62) passes through.
When breaking below the 140 level, it is likely to fall to 130 or even 95.
Volume (VOL: 139.67K) does not show a strong interest yet, while the indicators (RSI: 53.47, StochRSI: 14.13) are neutral, but close to oversold, which may indicate a reversal.
Sectors and symbols for monitoring: SOL may be interesting in the context of the growth of the Solana ecosystem, especially if DeFi and NFTs continue to gain momentum. BTC and ETH should also be monitored - as their dynamics often set the direction for altcoins.
What do you think? Share your predictions in the comments! 🚀