$SOL


The 4-hour Bollinger Band lower support at 77.56 has been officially breached, with the price firmly holding below the lower band for 7 consecutive K-lines, confirming a clear breakout trend. The 1-hour RSI has dropped to 25.72, entering the deeply oversold zone. The MACD histogram shows a narrowing divergence, indicating that bearish momentum has weakened somewhat, but the overall downward trend has not reversed. Order book depth shows sufficient buy-side orders, with 1.3x absorption capacity, suggesting strong willingness to buy at lower levels. However, sustained selling pressure continues to test key support levels, gradually consuming the buy orders below. Funding rates remain low, giving shorts a clear cost advantage, and overall market sentiment remains bearish.

SOL: Short at 76.65, target 75-74.5, hold if breakdown continues.
SOL-5.16%
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GateUser-de2a15eb
· 1h ago
The 1-hour MACD histogram divergence is low, indicating momentum exhaustion. Although the direction hasn't reversed, continuing to short at this level offers an unfavorable risk-reward ratio. I'll wait and observe.
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ForkliftFaye
· 2h ago
The order book shows 1.3x buy-side absorption, which looks intimidating, but in reality it’s being continuously eaten up by sell pressure—a classic playbook where support turns into resistance. Holding through a breakdown on this logic is fine.
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GateUser-5f4bad9c
· 2h ago
The Bollinger Bands have broken; the bearish trend is still ongoing, but the RSI is oversold, and there are plenty of buy limit orders. Chasing a short here is only so-so in terms of value; wait for a rebound before considering.
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ExitLiquidityIntern
· 2h ago
Four-hour lower band broken + confirmed by seven candlesticks, clear bearish signal on the technical side, but many are also betting on a rebound in the deeply oversold zone. Set stop loss well.
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GlassDomeRoaming
· 3h ago
Shorted at 76.65? The target at 74.5 is a bit aggressive. It’s true that the buy orders below have been consumed, but the funding rate is too low and the shorts are too crowded—be careful of a crowded-short squeeze.
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