SOL is currently showing a weak oscillation pattern, with the price repeatedly testing key resistance levels and then quickly falling back, leaving long upper shadows. This indicates very weak willingness to hold positions at high levels, with selling pressure continuously digesting buying interest. The moving average system remains in a bearish alignment and acts as resistance. During rebounds, trading volume cannot be amplified, suggesting a lack of incremental funds entering the market, and only technical corrections are occurring. This kind of volume-less rebound with frequent resistance often signals a continuation of the downtrend, and it is more likely that after a period of consolidation, the downward trend will persist.
SOL trading suggestion: You can consider shorting near the 89-92 range, with targets around 76-81.
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SOL is currently showing a weak oscillation pattern, with the price repeatedly testing key resistance levels and then quickly falling back, leaving long upper shadows. This indicates very weak willingness to hold positions at high levels, with selling pressure continuously digesting buying interest. The moving average system remains in a bearish alignment and acts as resistance. During rebounds, trading volume cannot be amplified, suggesting a lack of incremental funds entering the market, and only technical corrections are occurring. This kind of volume-less rebound with frequent resistance often signals a continuation of the downtrend, and it is more likely that after a period of consolidation, the downward trend will persist.
SOL trading suggestion: You can consider shorting near the 89-92 range, with targets around 76-81.