SOL is currently fluctuating between 135.50 and 136.00 with low trading volume, and the market is still searching for direction. From a technical perspective, the situation is quite interesting—MA5, MA10, and MA30 are all aligned in a bullish pattern, indicating short-term upward momentum. The RSI indicator is in a neutral position with no obvious overbought signs, giving us room for operation. More interestingly, the MACD is about to form a golden cross, and the KDJ is rebounding from oversold conditions, all of which suggest the possibility of a rebound.
Overall, it is recommended to build long positions in batches within the 135.50 to 136.00 range, with a stop loss set below 135.00; if it breaks below, accept the loss. Looking upward, the first target is 137.00; if there is no significant resistance here, continue to watch 138.00. The risk-reward ratio of this trade is quite good, making it worth deploying.
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.
SOL is currently fluctuating between 135.50 and 136.00 with low trading volume, and the market is still searching for direction. From a technical perspective, the situation is quite interesting—MA5, MA10, and MA30 are all aligned in a bullish pattern, indicating short-term upward momentum. The RSI indicator is in a neutral position with no obvious overbought signs, giving us room for operation. More interestingly, the MACD is about to form a golden cross, and the KDJ is rebounding from oversold conditions, all of which suggest the possibility of a rebound.
Overall, it is recommended to build long positions in batches within the 135.50 to 136.00 range, with a stop loss set below 135.00; if it breaks below, accept the loss. Looking upward, the first target is 137.00; if there is no significant resistance here, continue to watch 138.00. The risk-reward ratio of this trade is quite good, making it worth deploying.