5.8 SOL Market Analysis Shiyuan's View

From the weekly chart perspective, SOL remains in a high-level consolidation pattern this week, having faced resistance at the 90.4 level after a previous surge and pulling back. In the short term, it has entered a phase of accumulation and rest, with the overall bullish upward trend not reversed. It is a healthy correction during an upward move, with no signs of a one-sided weakening.

Weekly support remains solid, with the 85.5-87 range below being the core defensive zone this week. Holding this range, the bulls still dominate; the 89.5-90.5 zone above is a short-term resistance area. Multiple attempts to break through have failed, with volume gradually slowing down, indicating a balanced state between bulls and bears.

SOL Recommendations:
If the price retraces and stabilizes around the 85.5-87 range, go long with a small position, placing the stop-loss below 84. The target is 89.5-90.5, with a continuation of the upward trend if broken; if the rebound faces resistance in the 89.5-90.5 zone without breaking through, go short with a small position, placing the stop-loss above 91.5, targeting the 87-86 range for quick entry and exit.