$SOL - Current Price: 83.06 USDT


- Bollinger Bands (BOLL):
- Upper Band (UB): 88.62
- Middle Band (BOLL): 86.10
- Lower Band (LB): 83.59
- Analysis: Price has broken below the lower Bollinger Band (83.59), entering an oversold zone, which may face a technical rebound.
- MACD Indicator:
- MACD: -0.42, DIF: -0.45, DEA: -0.03
- Analysis: DIF is below DEA, with both lines operating below the zero axis, indicating bearish dominance. However, the MACD green histogram may start to shorten, suggesting weakening downward momentum.
- RSI Indicator:
- RSI(14): 29.98
- Analysis: RSI below 30, entering oversold territory, increasing the probability of a rebound.
- Moving Averages:
- MA5: 3.64 (short-term moving average trending down)
- MA10: 2.99 (mid-term moving average trending down)
- Analysis: Short-term moving average has a death cross downward, suppressing price rebound.

Trading Strategy and Level Recommendations
Overall Judgment: Short-term bearish dominance, but approaching oversold area, with rebound demand.

1. Long Position (Anticipate Rebound)
- Entry Point: 82.50 - 83.00 range (near current price, supported by lower Bollinger Band)
- Stop Loss: 82.00 (effective if it breaks below previous low)
- First Target: 84.50 (near the middle Bollinger Band)
- Second Target: 86.00 (resistance at middle Bollinger Band)

2. Short Position (Trend Following)
- Entry Point: 83.80 - 84.20 range (rebound to middle Bollinger Band encountering resistance)
- Stop Loss: 84.60 (break above middle Bollinger Band)
- First Target: 82.00 (support at previous low)
- Second Target: 80.00
- Support at the lower Bollinger Band may fail; if the price continues to break below 82.50, the bearish trend may continue.
SOL-4.89%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)