Solana's recent market movement has been somewhat weak, with each rebound being firmly suppressed by the middle Bollinger Band. The lows are gradually shifting lower, and from the candlestick patterns, the situation is indeed not very optimistic. The enthusiasm of capital is clearly waning, and the short-term rebound strength is also lagging.



The 120-118 zone below is a key defense line; once broken, it could easily continue down to 116. The area between 124-127 above is where selling pressure is concentrated. Without volume breakout support, it's difficult to effectively break through this zone.

In the short term, follow the range-bound strategy. When the rebound approaches 125, consider trying short positions with a stop loss at 128. If the price tests the 118-120 zone without breaking it, you can consider a short-term long position to catch a rebound, but don't set your expectations too high.
SOL0.61%
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RugPullAlarmvip
· 10h ago
The Bollinger middle band resistance has been evident in the on-chain data for a while. Large addresses have been clearly offloading assets these past few days, and a quick look at the fund flow explains everything. The 118-120 level must be held; once broken, it's time for retail investors to save themselves.
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DegenMcsleeplessvip
· 10h ago
Sol is still dawdling there, really annoying. When will it finally come with something powerful?
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GasSavingMastervip
· 10h ago
The Bollinger Bands are so constrictive, it feels like SOL is about to enter a consolidation and grinding phase.
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ZeroRushCaptainvip
· 10h ago
Ha, it's the same old suppressed routine. I'm the original reverse indicator, damn it. The more you talk bullish, the more I want to buy the dip.
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ruggedNotShruggedvip
· 10h ago
The middle band of Bollinger is really tough; every rebound gets suppressed. This rhythm is a bit uncomfortable.
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